Dynamics in the Japanese power market have been a major bearish force acting on the global LNG market this year. Weak power demand, increasing renewable generation, notably solar, and higher nuclear output have depressed fossil fuel needs, and LNG in particular, as S&P Global Platts Analytics highlighted in a recent report. Ahead of the Platts Analytics Client Seminar in Singapore, Bruno Brunetti and Andre Lambine explore key aspects of the Japanese power market. Japan’s nuclear generation in the first half of 2019 was over 8.2 GW on average, against only 3.9 GW in H1 2018, as five reactors were restarted last year. But routine maintenance and refueling has pushed output lower year on year during July and will continue to undermine output for the balance of the year. In addition, new uncertainties have emerged concerning nuclear output down the road. The operators of the various nuclear plants have been tasked by the Nuclear Regulation Authority (NRA), to “terror-proof” their facilities, but they have warned that they could miss the deadlines for the completion of the work. The first deadline is set for March 2020, with four reactors facing a deadline for each of the next three years. In April, the… continue reading
Continue reading Japan’s nuclear power generation ramps up in 2019 but hurdles lie ahead. This article appeared first on CTRM Center.
Source: CTRM Center