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Markets & Forecasts

Oil will bear brunt if Japan's nukes restart

Japan will cut oil imports as well as LNG if its nuclear plants come back online later this year Japan will cut oil imports as well as LNG if its nuclear plants come back online later this year
By Peter Stewart 23 April 2014 Asia Pacific / Supply & Demand 0 24369
Kashiwazaki Kariwa nuclear power plant. (TEPCO)

It seems likely a small number of Japan’s nuclear power plants will begin to be brought back online in H2 2014. When Japan’s cabinet approved the 78-page National Energy Plan (NEP) on 11 April, nuclear was designated as an important base-load power source for the resource-poor nation. Although exact numbers and timing have yet to be decided, the first two nuclear plants to be brought back will most likely be the reactors in Kyushu, with three reactors in Kansai region likely to follow soon after.

 It...