Japan Restarts Nukes, Resells LNG

As LNG Industry noted in a March 21 article, Japan's electric utilities are restarting nuclear reactors, following extensive technical and legal issues after the 2011 Fukushima disaster.   This will reduce their need for the coal, oil and liquefied natural gas supplies they substituted for idled nuclear power plants.  Kansai Electric Power Co. offered a contracted cargo from Australia Pacific LNG after the March 14 restart of its Ohi No. 3 nuclear reactor.  With several more reactors in Japan expected to resume service this year, the Asian price premium for LNG will erode as more contracted supplies are offered onto the spot LNG market.