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« Bounce in Gold Is a Dead Cat – Fade The Rally | Main | U.K. Nuclear Plan Advances With $15 Billion Loan Backing »
Wednesday
Jul102013

Japan Threatens to Restart Nuclear Power Plants

 

Japan is on course to restart its nuclear reactors, which have been off-line for safety inspections since the March 11, 2011 nuclear disaster at the Fukushima Daiichi nuclear power plant.

As a result of the Fukushima disaster, Japan's 50 nuclear power plants were taken offline for safety checks.

Before the Fukushima accident, Japan was the third-largest consumer of nuclear energy, followed by the U.S. and France and deriving 13 percent of its energy from nuclear power.

Japan is also the world's third largest economy, according to the UN. And nuclear power plants generate about 30 perccent of Japan's energy needs. During the shutdown of its nuclear power plants, utility companies have turned to coal, oil and gas to supply electricity to industries and households.

Additionally, Japan is the world's largest importer of liquified natural gas (LNG) (18 percent of energy); the second largest importer of coal (22 percent) and the third largest net importer of oil (42 percent).

Prime Minister Shinzo Abe, who has been in office since December, has pushed for a restart of Japan's nuclear reactors.


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