Related Articles
Forward article link
Share PDF with colleagues

Asia LNG climbs on Japan nuclear shut-down

Spot LNG prices increased over the past week in Asia amid suspended nuclear operations

Asia's spot LNG prices increased over the past week, with prices likely to rise further as Chubu Electric Power, Japan’s third largest power producer, rushed to secure supplies after suspending operations at its sole nuclear power plant. Traders said spot LNG prices were between $12.30 and just below $13 per million British thermal unit (Btu) in Asia over the past week, up from around $12/m Btu last week. “Demand is so desperate that (Japanese) power producers have been looking for cargoes for very prompt availability or boosting long-term purchase volumes,” one trader said. According to local media, Chubu may buy as much as 38% more LNG in the year to March 2012 after it shut the Hamaoka

Also in this section
Renewables and gas take on king coal in Africa
18 June 2018
South Africa wants to go greener, but abandoning coal will be a tough task
Hydrogen scales up
8 June 2018
The potential for the widespread use of hydrogen as a zero-emission fuel is gaining traction in Asia
UK doubles down on nuclear power plans
6 June 2018
London is stepping up its talks with Hitachi over the proposed Wylfa Newydd plant