IDEAS home Printed from https://ideas.repec.org/a/eee/enepol/v74y2014icp68-79.html
   My bibliography  Save this article

Japan’s need for Russian oil and gas: A shift in energy flows to the Far East

Author

Listed:
  • Motomura, Masumi

Abstract

This article examines the choices of Japan’s governmental institutions vis-à-vis Russian supplies of oil and gas. First, there is a perceived need to diversify the sources of crude oil in order to avoid too much reliance on the Middle East. Following the inauguration of the Sakhalin oil projects and completion of the ESPO pipeline, Russian crude oil is nearing a 10% share in the Japanese market. It is suggested that Russian crude oil supplies have been chosen due to their proximity, safety and flexibility, and their positive effect on Japan’s bargaining power in relation to crude suppliers in the Middle East. Second, Japan’s shift from nuclear to LNG in power generation after the Fukushima accident in March 2011 increased LNG imports by 25% in just two years. While Qatar expanded its market share the most, Russia also gained, even though it only had one operational LNG project in Sakhalin-2. Russian companies are now working on several LNG projects in Northeast Asia and the Arctic region. However, the resumption of nuclear power in Japan might have a negative impact on new Russian LNG projects.

Suggested Citation

  • Motomura, Masumi, 2014. "Japan’s need for Russian oil and gas: A shift in energy flows to the Far East," Energy Policy, Elsevier, vol. 74(C), pages 68-79.
  • Handle: RePEc:eee:enepol:v:74:y:2014:i:c:p:68-79
    DOI: 10.1016/j.enpol.2014.08.024
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0301421514004777
    Download Restriction: Full text for ScienceDirect subscribers only

    File URL: https://libkey.io/10.1016/j.enpol.2014.08.024?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Paik, Keun-Wook, 2012. "Sino-Russian Oil and Gas Cooperation: The Reality and Implications," OUP Catalogue, Oxford University Press, number 9780199656356.
    2. Șerban Georgescu, 2012. "Japan," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Schach, Michael & Madlener, Reinhard, 2018. "Impacts of an ice-free Northeast Passage on LNG markets and geopolitics," Energy Policy, Elsevier, vol. 122(C), pages 438-448.
    2. Bouwmeester, Maaike C. & Oosterhaven, J., 2017. "Economic impacts of natural gas flow disruptions between Russia and the EU," Energy Policy, Elsevier, vol. 106(C), pages 288-297.
    3. Xiaoguang Wang, 2020. "Leadership-building dilemmas in emerging powers’ economic diplomacy: Russia’s energy diplomacy and China’s OBOR," Asia Europe Journal, Springer, vol. 18(1), pages 117-138, March.
    4. Aalto, Pami, 2014. "Institutions in European and Asian energy markets: A methodological overview," Energy Policy, Elsevier, vol. 74(C), pages 4-15.
    5. Aalto, Pami, 2014. "Energy market integration and regional institutions in east Asia," Energy Policy, Elsevier, vol. 74(C), pages 91-100.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Kato, Takao & Kodama, Naomi, 2015. "Work-Life Balance Practices, Performance-Related Pay, and Gender Equality in the Workplace: Evidence from Japan," IZA Discussion Papers 9379, Institute of Labor Economics (IZA).
    2. Catherine Locatelli, 2020. "Une lecture institutionnaliste de la réforme du secteur gazier russe," Working Papers hal-02734835, HAL.
    3. Takizawa, Osamu & Urushihara, Hisashi & Tanaka, Shiro & Kawakami, Koji, 2015. "Price difference as a predictor of the selection between brand name and generic statins in Japan," Health Policy, Elsevier, vol. 119(5), pages 612-619.
    4. Murayama, Hiroshi & Nofuji, Yu & Matsuo, Eri & Nishi, Mariko & Taniguchi, Yu & Fujiwara, Yoshinori & Shinkai, Shoji, 2015. "Are neighborhood bonding and bridging social capital protective against depressive mood in old age? A multilevel analysis in Japan," Social Science & Medicine, Elsevier, vol. 124(C), pages 171-179.
    5. Xiaoguang Wang, 2020. "Leadership-building dilemmas in emerging powers’ economic diplomacy: Russia’s energy diplomacy and China’s OBOR," Asia Europe Journal, Springer, vol. 18(1), pages 117-138, March.
    6. Tajika, Tomoya, 2015. "Japanese government and utilitarian behavior," Journal of the Japanese and International Economies, Elsevier, vol. 36(C), pages 90-107.
    7. Yilmaz Akyüz, 2014. "Internationalization of Finance and Changing Vulnerabilities in Emerging and Developing Economies," UNCTAD Discussion Papers 217, United Nations Conference on Trade and Development.
    8. Pickering, Jonathan & Skovgaard, Jakob & Kim, Soyeun & Roberts, J. Timmons & Rossati, David & Stadelmann, Martin & Reich, Hendrikje, 2015. "Acting on Climate Finance Pledges: Inter-Agency Dynamics and Relationships with Aid in Contributor States," World Development, Elsevier, vol. 68(C), pages 149-162.
    9. Paul Beaudry & Franck Portier, 2014. "News-Driven Business Cycles: Insights and Challenges," Journal of Economic Literature, American Economic Association, vol. 52(4), pages 993-1074, December.
    10. Akazawa, Manabu & Yongue, Julia & Ikeda, Shunya & Satoh, Toshihiko, 2014. "Considering economic analyses in the revision of the preventive vaccination law: A new direction for health policy-making in Japan?," Health Policy, Elsevier, vol. 118(1), pages 127-134.
    11. Catherine Locatelli & Mehdi Abbas & Sylvain Rossiaud, 2015. "Russia and China hydrocarbon relations A building block toward international hydrocarbon regulation?," Working Papers hal-01246346, HAL.
    12. Catenacci, Michela & Verdolini, Elena & Bosetti, Valentina & Fiorese, Giulia, 2013. "Going electric: Expert survey on the future of battery technologies for electric vehicles," Energy Policy, Elsevier, vol. 61(C), pages 403-413.
    13. Kubota, Hiromi & Hondo, Hiroki & Hienuki, Shunichi & Kaieda, Hideshi, 2013. "Determining barriers to developing geothermal power generation in Japan: Societal acceptance by stakeholders involved in hot springs," Energy Policy, Elsevier, vol. 61(C), pages 1079-1087.
    14. Yoshihiko Kadoya & Ting Yin, 2012. "Gender Imbalance at Birth and Parents' Anxiety about Old Age in China," ISER Discussion Paper 0855, Institute of Social and Economic Research, Osaka University.
    15. Liu, Dawei & Yamaguchi, Kensuke & Yoshikawa, Hisashi, 2017. "Understanding the motivations behind the Myanmar-China energy pipeline: Multiple streams and energy politics in China," Energy Policy, Elsevier, vol. 107(C), pages 403-412.
    16. Kitao, Sagiri, 2015. "Pension reform and individual retirement accounts in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 38(C), pages 111-126.
    17. Sato, Toshio & Qadir, Manzoor & Yamamoto, Sadahiro & Endo, Tsuneyoshi & Zahoor, Ahmad, 2013. "Global, regional, and country level need for data on wastewater generation, treatment, and use," Agricultural Water Management, Elsevier, vol. 130(C), pages 1-13.
    18. Asano, Akihito & Tyers, Rod, 2015. "Third Arrow Reforms and Japan’s Economic Performance," Conference papers 332617, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    19. Keun-Wook Paik, 2013. "The role of Russian gas in China’s energy supply strategy," Asia Europe Journal, Springer, vol. 11(3), pages 323-338, September.
    20. Reiko Aoki, 2013. "A Demographic Perspective on Japan's “Lost Decades”," Population and Development Review, The Population Council, Inc., vol. 38, pages 103-112, February.

    More about this item

    Keywords

    Energy; East Asia; ESPO; LNG; Fukushima;
    All these keywords.

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:enepol:v:74:y:2014:i:c:p:68-79. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.elsevier.com/locate/enpol .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.