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Tuesday, 07/23/2013 9:59:39 AM

Tuesday, July 23, 2013 9:59:39 AM

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This will stop Japan from selling its stockpile so cheap...

Japan's Prime Minister Shinzo Abe has won a majority in the upper house, ending a political stalemate as he now controls both houses of parliament. The reshuffle paves the way for Japan to return to nuclear power, in a move poised to curb LNG imports and reduce the share of gas for power generation.

All but two of the Japan's 50 nuclear reactors are currently mothballed and refused permission to operate. However, newly adapted safety regulation may help operators to restart their nuclear plants.

Four of Japan's 10 main regional utilities - Kansai Electric Power, Shikoku Electric Power, Kyushu Electric Power and Hokkaido Electric Power – filed an application in early July to restart reactors under new, more stringent safety regulations imposed in the wake of the 2011 Fukushima Daiichi incident.

The return to nuclear would reduce the share of gas in Japan's energy mix and electricity prices. The Institute for Energy Economics in Japan (IEEJ) forecasts restarting twenty six of the country's nuclear power stations in 2014 could lower the electricity fuel cost by 1.8 trillion yen ($0.019) and reduce generation costs by about 2 yen/kWh...



http://gastopowerjournal.com/regulationapolicy/item/2035-japans-pm-wins-majority-in-upper-house-favours-return-to-nuclear-energy#axzz2ZnSJCVrb

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