July 22, 2020
Japan’s independent development ratio of oil and natural gas in FY2019 was 34.7%, up by 5.3% from the previous year.
1. Independent development ratio
Japan’s independent development ratio of oil and natural gas is defined as the share of the offtake amount of oil and natural gas under the control of Japanese enterprises, including domestic production, out of the total amount of imported and domestically-produced oil and natural gas.
As Japan is a country largely dependent on imports from abroad for its oil and natural gas, it is vitally important that it secure a diversity of supply channels. To this end, since the formulation of the Fifth Strategic Energy Plan, on which the Cabinet Decision was made in July 2018, Japan has been supporting Japanese enterprises so as to improve the current independent development ratio in Japan for both oil and natural gas, including domestic production, to over 40% in 2030.
2. Factor analysis
The FY2019 independent development ratio of oil and natural gas in Japan showed an increase by 5.3% from the previous year. This increase is considered to be derived from not only the impact of a decrease in imports of oil and natural gas, as part of the reason, but also the steady production under the LNG project mainly in Australia, a production increase in multiple oil-gas fields and other factors, resulting in an increase in the offtake amount of oil and natural gas by Japanese enterprises.
Changes in Japan’s independent development ratios of oil and natural gas since FY2009
|Fiscal year||Offtake amount of oil/natural gas under the control of Japanese enterprises, including domestic production (Million BD per day)||Independent development ratios (%)|
* Offtake amount of natural gas is the crude oil equivalent.
Changes in Japan’s independent development ratios of oil and natural gas since FY1973
Division in Charge
Petroleum and Natural Gas Division, Natural Resources and Fuel Department, Agency for Natural Resources and Energy