China, India, and Now Japan ---

Link here to Rigzone.

Japan consumes 25 percent more liquefied natural gas (LNG) than it did a year ago, and relies more heavily on coal to meet its power generation needs. However, the increase in oil consumption is also noteworthy, with Japanese oil demand growing year over year by 275,000 bpd due to higher crude burn, up year over year by 208,000 bpd and fuel oil consumption, up year over year by 159,000 bpd, according to a March 14 report by Barclays Capital.

Japan's use of fossil fuels in power generation has grown sharply over the past year, and only two of 54 nuclear reactors are currently in operation, according to Barclays Capital. The nation's oil consumption has risen about 9 percent year over year. The lack of nuclear power has resulted in increases in the use of fuel oil and direct-burning of crude oil.