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.
Zhitongcaijing · 1d 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.
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