Japan lost oil supplies from South Sudan, even as its total crude purchases for generating power surged because of the need to replace electricity from idle atomic reactors.
The country imported 1.75 million kiloliters of oil, or about 369,000 barrels a day, for power generation in February, more than four times as much as a year ago, according to data today from the Ministry of Economy, Trade and Industry.
Imports for power generation were up 15 percent from January. February’s purchases for power plants accounted for 9.6 percent of Japan’s total crude imports of 17.76 million kiloliters for the month, according to the trade ministry data.
The increase comes amid a halt in supplies of low-sulfur crude from South Sudan, which is suitable for many oil-fired generators in Japan.
South Sudan shut oil production in January after accusing its northern neighbor, from which it seceded in July to become an independent state, of stealing its crude. Japan had imported 142,613 kiloliters of crude from South Sudan in December and bought 90,555 kiloliters from the African country in January.
The dispute around South Sudan has removed about 360,000 barrels a day from global markets since the end of January and placed an “additional burden” on Japan, Michael Hsueh, a London-based analyst at Deutsche Bank AG (DBK), said in a report this month.
“Supply of low-sulfur crude oil used for power generation is getting tighter due to the issue of South Sudan,” Tsutomu Sugimori, senior vice president of JX Nippon Oil & Energy Corp (5001)., Japan’s largest refiner, said at a press conference today. “We are trying our best to secure alternatives.”
Japan appeared to be shifting some of its purchases to Sudan, which exported 235,055 kiloliters to the Asian country in February, up 160 percent from a year earlier, when the country also included its southern neighbor.
Imports from Gabon, which also produces grades of crude that Japanese generators can burn, increased 67 percent to 421,300 kiloliters in February from January. Japan imported no oil from Gabon in February 2011.
Japan is consuming the most oil in four years in response to the March 11, 2011 earthquake and tsunami that wrecked three reactors at the Fukushima plant northeast of Tokyo, triggering the worst radiation leak since Chernobyl in the 1980s. The country relied on nuclear sources for almost 30 percent of its electricity before the disaster.
Related news items:
Newer news items:
- Fear of new war stalks South Sudan border state - Times of India - 01/04/2012
- Sudan and South Sudan accuse each other of border attacks - Chicago Tribune - 31/03/2012
- Sudan and South Sudan accuse each other of border attacks - Reuters - 31/03/2012
- BancABC Targets Angola, Uganda, South Sudan - AllAfrica.com - 31/03/2012
- South Sudan Closer to Being Polio-Free - Voice of America - 31/03/2012
Older news items:
- South Sudan Wants to Learn Basketball With the National Team - AllAfrica.com - 30/03/2012
- From South Sudan to Yale - New York Times - 29/03/2012
- Sudan-South Sudan Clashes Raise Global Concern - New York Times - 28/03/2012
- Deporting the South Sudanese? 'That's not what you do to a friend' - The Times of Israel - 28/03/2012
- Israel's Sudanese refugee crisis and the citizen solution - Jerusalem Post - 28/03/2012
Popular news items:
- No oil in troubled waters - 25/03/2014 - Read 19897 times
- School exam results in South Sudan show decline - Bikya Masr - 01/04/2012 - Read 17389 times
- Former Lost Boy Gives Back to South Sudan - Care2.com (blog) - 31/05/2012 - Read 15620 times
- NDSU student from South Sudan receives scholarship - In-Forum - 29/09/2012 - Read 14842 times
- With prisons full, South Sudan to introduce mobile courts to clear backlog of ... - Washington Post - 11/10/2012 - Read 12325 times