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Japan to recalibrate LNG demand by summer

Japan will have a clearer idea of its demand for fossil fuels later this summer when it decides how much nuclear capacity will be idled, the Ministry of Economy Trade and Industry (METI) said in an interview with Petroleum Economist

The results of its new long-term energy plan will determine future needs for LNG, oil and coal, Hirohide Hirai, director of METI’s petroleum and natural gas division, told Petroleum Economist in Calgary. The Japanese government is revisiting its long-term energy needs in the aftermath of the devastating Tohoku earthquake on 11 March, 2011, and expects to complete a final review by the end of the summer. Much depends on the final status of the country’s nuclear reactors, but the government is looking to reduce its nuclear dependence by at least 30%-50% – if not more – which will necessitate a restructuring of the country’s entire energy complex. “I think it (the earthquake) will have a long

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