Gas shows indicate more than Japan’s total 1 Tcf recoverable gas reserves Estimated gas production equates to 1.2% of the country’s consumption Gas self-sufficiency rate seen rising to 3.4%, from 2.2% currently Japan intends to explore 1.4 Tcf of estimated recoverable natural gas reserves offshore Shimane and Yamaguchi prefectures in the west that could produce 46.7 Bcf/year of gas after starting output in 2032, an official at the Ministry of Economy, Trade and Industry told S&P Global Platts Jan. 17. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The move follows “considerable gas shows” in a series of Japan’s funded drilling operations conducted by INPEX until the fiscal year 2019-20 (April-March), marking the first domestic project, which enters an exploration phase with the government’s support from initial geological structure surveys, the official said. INPEX, which has obtained prospecting rights, will start exploratory drilling works in […]