Earthquake and fire made Japan import the most fuel for more than 20 years

Japan’s fuel imports reached their highest level in more than two decades after a series of accidents, including an earthquake and refinery fire, limiting production in some of the country’s processors.

Foreign purchases of so-called petroleum spirits – a category that includes gasoline and naphtha – rose to more than 3 million kiloliters in March, the most since August 2000, according to Japanese Finance Ministry data. Imports increased by 19% from the previous month.

Most fuels in more than 20 years

Japan’s imports of petroleum spirits rose to their highest level since August 2000

Source: Ministry of Finance

A 7.3-magnitude earthquake struck Fukushima in mid-February, shutting down a number of refineries, although some managed to restart within days. However, ENEOS Holdings Inc. only resumed operations at the sole crude oil unit at the Sendai refinery in northern Japan last week, while the start-up of its Chiba plant was postponed until later this month.

See also: Japan assesses damage after an earthquake near Fukushima

Adding to the pressure on fuel production, the Ineos Wakayama refinery in western Japan was closed late last month after a fire broke out. The factory is still shutting down with no scheduled restart date.

Meanwhile, Japan’s imports of crude oil in March fell 17% from a year earlier to around 12 million kiloliters, according to the ministry’s data. The country’s refineries carry out planned maintenance during the spring, usually between March and May.

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