OGF Article Japan's LNG Imports To Decrease With Post-Fukushima Restart of Nuclear Reactors

SPE.org 

Tokyo Gas received its first cargo produced at Dominion’s Cove Point LNG terminal in May 2018 via the LNG Sakura. Japan is bringing its nuclear reactors back on line following the suspension of operations at all reactors after the 2011 Fukushima accident. As the reactors return to full operation, the increase in nuclear generation is likely to displace generation from fossil sources, in particular natural gas. Because Japan imports all of its natural gas in the form of LNG, increased nuclear power production is likely to reduce Japanese imports of LNG in the electric power sector by as much as 10% in 2019. Japan suspended operations at all nuclear reactors for mandatory safety inspections and upgrades, leaving the country with no nuclear generation from September 2013 to August 2015.