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Japan’s energy demand falls on economic slowdown
Japan’s energy demand falls on economic slowdown
Osaka, 12 December (Argus) — Japan's energy consumption in the April 2024-March 2025 fiscal year fell again from a year earlier, pressured by slower industry activity. The country's 2024-25 final energy use totalled 292mn kiloliters, or 1.84bn bl of oil equivalent (boe), down by 1.7pc from a year earlier, according to preliminary data released on 12 December by the trade and industry ministry Meti. This marks the third consecutive annual decline. Coal use in final energy consumption fell by 3.7pc from a year earlier to 172mn boe in 2024-25, while oil demand declined by 3.7pc to 841mn boe. This came as energy consumption in the manufacturing and transportation sectors declined by 3.2pc to 766mn boe, and by 1.5pc to 445mn boe respectively. But demand for natural gas and city gas rose by 1.5pc from a year earlier to 167mn boe. Power demand also edged up by 1pc to 517mn boe. Coal-fired power generation edged up by 0.9pc to 283.4TWh during the period, while oil- and gas-fired power dropped by 2.7pc to 71TWh and by 2.4pc to 315.7TWh. Zero-emission power supplies, including renewables and nuclear power, rose by 3.9pc to 322.1TWh. Japan's energy-derived CO2 emissions fell by 1.4pc from a year earlier to 908mn t in 2024-25, supported by the increased use of renewable and nuclear power supplies. The 2024-25 emissions represented a 26pc fall compared with the country's 2013-14 baseline, or the lowest level since 1990-91. The lower energy consumption, as well as increased use of domestic renewable and nuclear energy, helped lift Japan's energy self-sufficiency rate to 16.4pc in 2024-25, up by 1.1 percentage points from a year earlier, based on International Energy Agency methodology. By Motoko Hasegawa Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
TotalEnergies ends Papua LNG rebid phase: Correction
TotalEnergies ends Papua LNG rebid phase: Correction
Corrects headline and 'FID' to 'development forum' in last paragraph Sydney, 12 December (Argus) — New engineering, procurement and construction (EPC) contract offers have been received for the proposed 5.6mn t/yr Papua LNG project in Papua New Guinea (PNG), operator TotalEnergies said, following extensive design revisions for the delayed development. The firm is concluding the rebid phase after receiving new offers at reasonable costs, managing director of TotalEnergies EP PNG Arnaud Berthet told the PNG Resources and Energy Investment Conference in Sydney on 10 December. TotalEnergies relaunched EPC tendering late last year after previously estimated costs were considered too high for the project to proceed. The company expanded the contractor pool to include Chinese firms and reduced the gas pipeline diameter to 30 inches from 40 inches. This change increased the number of vessels able to perform pipelay, Berthet said, increasing competition, while it also routed the condensate pipeline west to a new floating storage and offloading vessel, reducing pipeline length. A development forum is planned for January-March next year, a legal requirement ahead of a final investment decision, which JV partner Australian independent Santos has previously signalled is likely in early 2026 . LNG sales and purchase agreements are under negotiation, and seven export credit agencies along with more than 30 commercial banks are interested in financing the project, Berthet said. By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
Australia’s Beetaloo reaches FID on shale gas pilot
Australia’s Beetaloo reaches FID on shale gas pilot
Sydney, 12 December (Argus) — Australian shale gas developer Beetaloo Energy has made a final investment decision to build its 25 TJ/d (668,000 m³/d) Carpentaria pilot project in the Beetaloo subbasin in Australia's Northern Territory (NT), ahead of first gas targeted for mid-2026. Civil construction and upgrade works on the Carpentaria plant have already started, chief executive Alex Underwood said on 11 December, which involves the tie-in of up to 10 wells located in exploration permit 187. The decision comes after the firm this week received NT government approval to sell appraisal gas from Carpentaria. This is the second pilot project to reach FID in the untapped shale gas basin after Tamboran Resources' 40 TJ/d Shenandoah South pilot project, also targeting first appraisal gas in mid-2026. The NT government has agreed to purchase the entirety of gas from both projects via an ex-field take-or-pay basis, to supply government-owned Power and Water Corporation. If the basin's reserves prove economically viable Tamboran is eyeing LNG exports in the longer-term, potentially via Australian independent Santos' Darwin LNG project . By Tom Major Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
EU may crank up coal and steel research funds in 2027
EU may crank up coal and steel research funds in 2027
London, 11 December (Argus) — The European Commission could fund a much larger share of research in the coal and steel industry from 2027, according to a staff working document published yesterday. The EU Research Fund for Coal and Steel (RFCS) would fund 70pc of corporate research and 100pc of academic research into green initiatives if the EU moves forth with the proposal. It currently funds 50pc of both corporate and academic research projects, but has struggled to attract participants or meet its spending targets, noting that the "underspending of the project is rooted in a lack of attractiveness of certain aspects of the programme". RFCS spent 57pc of its €43mn ($50mn) budget for large coal projects and only 31pc of its €208mn budget for steel research from 2021 to 2024. Brussels, troubled by a lack of applications, consulted companies and academics this year and found that its spending requirements were the largest barrier. Most were unable or unwilling to fund 50pc of large research projects themselves. RFCS has supported a number of groups hoping to repurpose old coal mines for clean energy. GreenJOBS and Mine-TO-H2, two funding recipients, both plan on making green hydrogen from mine water, while GrEnMine received pilot funding worth €3.5mn to research new ways to store gravitational energy in abandoned mines. Others, such as REM and GI-mine, are working on new methods to capture methane from coal mines. In the steel sector, RFCS has awarded funds to hydrogen power projects such as ProSynteg and HYDREAMS and research groups such as BIOCODE, which hopes to replace up to 10pc of the coal in coke ovens with biomass. The EU dissolved the European Coal and Steel Community (ECSC) — an agency tasked with making a common European steel market, which eventually led to the creation of the EU — in 2002. The EU used revenues from ECSC assets to launch and fund the RFCS in the same year, and boosted the programme in 2021 by tapping into the assets themselves. By Austin Barnes Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.
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