Directional impact on forecast:
Bearish for LNG spot prices
Japan’s gas demand and LNG imports have already been weak this year, and the trend looks set to be exacerbated by increased nuclear output.
Two reactors that have been offline for routine maintenance over recent months returned to operations in late August and early September. Sendai 2 came back into service at the end of August, while Takahama 4 resumed initial operations on Monday and was fully operational by Thursday.
Of Japan’s other operational reactors, Takahama...
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