Monday, 19 November 2018

Japan’s cost of LNG imports jump 49%, may accelerate nuclear restarts

Tepco's Futtsu LNG import terminal and power plant Tepco's Futtsu LNG import terminal and power plant

Soaring costs of LNG imports have increased the importance of a swift restart of Japan’s nuclear reactors to generate comparatively cheap baseload power. Total cost for imported gas topped 418 billion yen ($3.71bn) in October, compared to 280 billion yen ($2.48bn) a year earlier, according to an alert by the Japanese finance ministry.

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