Japan nuclear delays lift LNG prices
Spot LNG prices rose this week, after Japan delayed the restart of some nuclear power plants while also bringing in more gas-fired turbines to meet summer electricity demand.
Spot LNG prices rose this week, after Japan delayed the restart of some nuclear power plants while also bringing in more gas-fired turbines to meet summer electricity demand. Kyushu Electric Power (Kyu-den) and Kansai Electric Power (Kan-den), electricity suppliers to western and southern Japan where the earthquake impact was minimal, said extensive safety checks will delay the restart of four nuclear-power units. These delays were behind the brief spike in spot LNG prices over the past week, traders said.“Tepco (Tokyo Electric Power) bought April and May cargoes then demand eased a little. But Kyu-den and Kan-den, which could not restart nuclear units, picked up cargoes at relatively high
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