In June 2008, Koreas state-owned Korea National Oil Corporation (KNOC) announced a global expansion strategy calling for a six-fold increase in oil and gas output and a five-fold increase in proven reserves by 2012. Korea, which depends almost entirely on foreign countries for oil supply, has...

Presently India is facing the twin challenge of energy universalization as well as emission reduction. Nearly 0.4 billion people in India mostly residing in rural areas do not have access to electricity and more than 0.8 billion people do not use modern cooking fuels. Provision of energy...

Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...

Japan has reached the limits of conventional macroeconomic policy. In order to overcome deflation and achieve sustainable economic growth, the Bank of Japan (BOJ) recently set an inflation target of 2% and implemented an aggressive monetary policy so this target could be achieved as soon as...

The world energy market is undergoing a period of great turbulence, and major challenges to global energy security are emerging. Under the current global economic crisis, the world energy demand is likely to stagnate for a couple of years ahead. But in the long run, world energy demand is...

In this analysis, we projected Japans energy demand/supply and energy-related CO2 emissions to 2050. Our analysis of various scenarios indicated that Japans CO2 emissions in 2050 could be potentially reduced by 26-58% from the current level (FY 2005) (Figure 1). These results suggest that Japan...

With booming economic growth Asia will play increasingly important role in global economic and energy matters. World primary energy consumption is projected to expand at an average annual growth rate of 2.1 percent by 2020. About 70 percent of the increase would be accounted for by non-OECD...

European countries employ different strategies on gas supply security depending on the time scale : while their short-term strategies focus on economic efficiency, long-term strategies also place more emphasis on ensuring energy security. With regard to short-term natural gas procurement...

Since the autumn of 2008, the global LNG supply/demand balance has eased substantially. Demand-side factors including the impact of the financial crisis on global natural gas consumption, and supply-side factors such as launchings of new projects and progress in unconventional natural gas...