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The end of oil-burn in Japan's power sector

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06 April 2016

The end of oil-burn in Japan's power sector

Report summary

Japan's oil use in power generation will return to pre-Fukushima levels due to nuclear restarts. Wood Mackenzie expects 15 nuclear reactors will be operating in Japan by 2018, compared to just two reactors that are currently active. Liberalisation of Japanese power market (starting April 2016) will make oil an increasingly marginal source of power generation. Oil's share within the power market falls from 9.5% in 2016 to 5.6% in 2025, halving yet again to 2.8% by 2035.

Table of contents

  • Utilities oil demand post-Fukushima
  • Japan's near-term nuclear outlook
  • Impact of nuclear restarts on the oil market
  • A grim future for oil-burn due to power market liberalisation
  • Conclusion

Tables and charts

This report includes 3 images and tables including:

  • Oil-burn (fuel oil and crude oil) for power generation in Japan, in kb/d
  • Fuel oil and crude oil demand by utility company in 2015, kb/d
  • Non-refining crude oil imports by source in 2014, by percentage market share (160 kb/d in total)

What's included

This report contains:

  • Document

    The end of oil-burn in Japan's power sector

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