The FY2025 energy white paper released by the Japanese government on the 23rd indicates that as the situation in the Middle East worsens, the fragility of Japan's energy supply and demand structure is once again highlighted. The white paper points out that for a long time, more than 90% of Japan's crude oil imports have depended on the Middle East. After the US and Israel launched a military attack on Iran at the end of February this year, navigation through the Strait of Hormuz, which is an important channel for global energy transportation, was blocked. The supply of crude oil and petroleum products faced uncertainty, and the circulation of some petroleum related products such as naphtha was blocked as a result. In order to guarantee domestic energy supply, the Japanese government has taken measures since March, such as releasing oil reserves and increasing alternative procurement efforts from regions other than the Middle East. The white paper argues that these measures helped Japan secure the supply of crude oil. At the same time, however, some petroleum-related products are hoarding stocks due to market concerns about supply prospects, leading to poor circulation and uneven distribution of supply. According to the white paper, the energy crisis response mechanism established by Japan in the decades after the oil crisis in the 70s of the last century is already difficult to deal with new energy supply risks. The Japanese government usually publishes an energy white paper around June. This year, in order to include changes in the situation in the Middle East and related countermeasures, it was postponed until October.
Zhitongcaijing · 2d ago
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The FY2025 energy white paper released by the Japanese government on the 23rd indicates that as the situation in the Middle East worsens, the fragility of Japan's energy supply and demand structure is once again highlighted. The white paper points out that for a long time, more than 90% of Japan's crude oil imports have depended on the Middle East. After the US and Israel launched a military attack on Iran at the end of February this year, navigation through the Strait of Hormuz, which is an important channel for global energy transportation, was blocked. The supply of crude oil and petroleum products faced uncertainty, and the circulation of some petroleum related products such as naphtha was blocked as a result. In order to guarantee domestic energy supply, the Japanese government has taken measures since March, such as releasing oil reserves and increasing alternative procurement efforts from regions other than the Middle East. The white paper argues that these measures helped Japan secure the supply of crude oil. At the same time, however, some petroleum-related products are hoarding stocks due to market concerns about supply prospects, leading to poor circulation and uneven distribution of supply. According to the white paper, the energy crisis response mechanism established by Japan in the decades after the oil crisis in the 70s of the last century is already difficult to deal with new energy supply risks. The Japanese government usually publishes an energy white paper around June. This year, in order to include changes in the situation in the Middle East and related countermeasures, it was postponed until October.
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