October 2015

Regional Report

Expansion and contraction in developed Northeast Asian nations

Unlike much of Southeast Asia, which is presently building downstream infrastructure to meet increasing demand, Northeast Asia is well-developed.

Nichols, Lee, Hydrocarbon Processing Staff

Aerial view of TEPCO’s thermal power station and LNG   storage tanks in Futtsu, Japan (top); and GS Caltex’s   775-Mbpd Yesou refinery in South Korea, presently  the fourth-largest refinery in the world (bottom).   Photos courtesy of TEPCO and GS Caltex. Unlike much of Southeast Asia, which is presently building downstream infrastructure to meet increasing demand, Northeast Asia is well-developed. The region is comprised of two developed countries: Japan and South Korea. Both countries are witnessing very different paths in their downstream sectors, which include the reduction of refining capacity in Japan, new refinery and petrochemical builds in South Korea and the co

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