Japan’s utilities set for windfall as oil prices slump

By James Byrne 31 October 2014 12:57 GMT
The Kashiwazaki-Kariwa nuclear power plant has been offline for three years. (Tepco) The Kashiwazaki-Kariwa nuclear power plant has been offline for three years. (Tepco)

Japan’s embattled utilities are set for a multi-billion dollar capital infusion as slumping oil prices lower the cost of imported LNG. 

The development could provide breathing room for the country’s struggling power providers and reduce the need for immediate nuclear restarts.