Japan

Panasonic Energy Partners with NOVONIX for Sustainable Synthetic Graphite Supply in EV Battery Production

Off-take agreement with NOVONIX advances Panasonic Energy’s commitment to carbon footprint reduction and resilient supply chain in North American Osaka, Japan — Panasonic Energy Co., Ltd., a Panasonic Group Company, today announced it has signed a binding off-take agreement with the leading battery materials and technology company NOVONIX Limited (“NOVONIX”; Queensland, Australia) … [continued]

Nuclear Reactor Restarts in Japan Have Reduced LNG Imports for Electricity Generation

After the 2011 Fukushima Daiichi accident, Japan suspended operations at all of its remaining 48 nuclear power reactors by 2013 and relied almost exclusively on imported natural gas to replace the lost electricity generation. In 2015, Japan allowed its first nuclear power reactor to resume operations. As of December 2022, 11 … [continued]

Japanese Refineries Close As The Country’s Petroleum Consumption Falls

In our Short-Term Energy Outlook, we forecast the lowest annual petroleum consumption in Japan in 2024 since at least 1980, in part due to its aging and declining population. Japan’s reduced consumption is already affecting its refining industry. Japanese refiner ENEOS permanently closed a 120,000-barrel-per-day (b/d) refinery in western Japan in mid-October 2023, … [continued]