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Massive Japanese quake rocks LNG market

Four nuclear reactors shut; Japan could import 3 to 5 more LNG cargoes a month; spot prices could reach $11/m Btu

A DEADLY earthquake has caused widespread infrastructure damage across Japan, shutting down at least four nuclear power plants and increasing the likelihood of extra LNG imports to make up for power-generation losses. The massive 8.9 magnitude earthquake – the largest to hit the world's biggest LNG importer – struck near the city of Sendai on Friday. At the time of writing, more than 50 people were reported dead, with homes and offices damaged, roads destroyed and powerful 10-metre tsunamis sweeping away cars, trucks and buildings. With the damage still being assessed, the number of shut nuclear reactors was unclear, with the International Atomic Energy Agency (IAEA) saying four were down,

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