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Japan’s oil industry braces for a much smaller domestic market

Japan was the world’s fifth-largest oil consumer and the largest importer of liquefied natural gas (LNG) in 2019. However, Japan’s energy industry is at a crossroads with low annual GDP increases, a strong focus on energy efficiency improvements and conservation, and the intricacies of the local population stifling energy growth. Japan recorded its ninth consecutive […]

The post Japan’s oil industry braces for a much smaller domestic market appeared first on F&L Asia.

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