GENERAL

PAJ Forecasts Declining Share for Oil in Japanese Market 

The latest projections by the Petroleum Association of Japan (PAJ) indicate that oil's share in Japan's energy supplies - which fell from 77.6% in fiscal 1973 to 59.4% in fiscal 1984 - is expected to fall by a further 9% to 50.3% by the end of the century. As a result, the PAJ now forecasts that although total energy consumption is expected to grow by some 20.5% between 1984 and 2000, from 7.49mn bdoe to 9.02mn...