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Japan’s JERA to Launch New Gas-Fired Power Station

LNG
Homepagemarkets-real-timeCommoditiesEnergy BulletsBulletBank of Japan (BOJ) Market News

Japan’s largest power generator JERA said July 26 that it will start a unit of a new 2.34 GW gas-fired power station near Tokyo on Aug. 1 to help avoid electricity shortages during summer, Reuters reported.

  • JERA could not say how long the units will operate, which will be determined by power demand.
  • Additional gas-fired power generation is likely to be bullish for the country’s LNG demand, despite overall appetite still being weak in APAC.
  • However, LNG stockpiles held by Japanese utilities remain healthy at 2.35m mt as of July 21, around 21.1% above the five-year average.
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Japan’s largest power generator JERA said July 26 that it will start a unit of a new 2.34 GW gas-fired power station near Tokyo on Aug. 1 to help avoid electricity shortages during summer, Reuters reported.

  • JERA could not say how long the units will operate, which will be determined by power demand.
  • Additional gas-fired power generation is likely to be bullish for the country’s LNG demand, despite overall appetite still being weak in APAC.
  • However, LNG stockpiles held by Japanese utilities remain healthy at 2.35m mt as of July 21, around 21.1% above the five-year average.