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

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  • 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
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    References listed on IDEAS

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    1. Șerban Georgescu, 2012. "Japan," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    2. Paik, Keun-Wook, 2012. "Sino-Russian Oil and Gas Cooperation: The Reality and Implications," OUP Catalogue, Oxford University Press, number 9780199656356.
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    Cited by:

    1. Aalto, Pami, 2014. "Energy market integration and regional institutions in east Asia," Energy Policy, Elsevier, vol. 74(C), pages 91-100.
    2. 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.
    3. 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.
    4. 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.
    5. Aalto, Pami, 2014. "Institutions in European and Asian energy markets: A methodological overview," Energy Policy, Elsevier, vol. 74(C), pages 4-15.

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    Keywords

    Energy; East Asia; ESPO; LNG; Fukushima;
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