Japanese LNG prices return to ‘normal’

By Staff reporter 15 March 2017

LNG import prices in Japan have returned to "normal", after increasing by as much as 80% following the 2011 Fukushima nuclear disaster, the Nikkei Asian Review has reported.

The lower prices are the result of a 5% fall in power demand from industrial and residential consumers in 2015 compared with 2009, coupled with restarts at nuclear reactors.

All 50 of Japan’s reactors were offline by May 2012, cutting a fifth of the country’s installed generation capacity.

Conventional plants were restarted, increasing demand for LNG, coal, and heavy fuel...

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