Wednesday 5 October 2011

Japan's natural disaster will boost demand for LNG imports.

The Japanese Tohoku-Chihou-Taiheiyo-Oki earthquake and tidal wave that overwhelmed the North East coast of Japan, hit the Japanese power sector hard. It has resulted in substantial damage to the country’s electricity generation and distribution networks, which has resulted in cities throughout the country experiencing rolling blackouts.

The natural disaster knocked out the 5000 MW nuclear power station at Fukashima. Experience suggests it will take several years to bring back online this atomic power plant that was nearing the end of its operating life. http://www.oxfordprospect.co.uk/Japan's-natural-disaster-will-boost-demand-for-LNG-Imports.html

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