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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessJapan Restarts Additional Nuclear Reactor
Japan’s Kansai Electric restarted a 47-year-old reactor at its Western nuclear reactor at Takahama Sep. 15, adding around 826 MW of power and likely to cut gas demand.
- The reactor had been idle since November 2011 following the Fukushima nuclear disaster.
- Japan has 12 operating reactors with combined capacity of 11.6 GW, or a third of the 33.1 GW of capacity from 33 reactors designated for commercial use.
- Analysts say each gigawatt of nuclear power is equivalent to a 1m mtpa of LNG, so the restarts could trim annual imports by a tenth in 2023.
- LNG imports by Japan, the world's second-biggest buyer of the fuel behind China, have fallen 17.4% in July, customs data shows, thanks to nuclear power restarts and growing use of renewable energy.
- However nuclear and renewable energy cannot fully replace gas consumption in Japan. Inventories of LNG Sept. 10 were at their lowest in over a year, the Ministry of Economy, Trade and Industry has said.
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.