facebook
twitter
rss
account
search
search
 

Japan LNG intake soars

June 14, 2012 at 5:54 AM   |   Comments

TOKYO, June 14 (UPI) -- Japanese utility companies used 22 percent more liquefied natural gas compared with last year as nuclear operators have gone dark, the government said.

A magnitude-9 earthquake and tsunami struck northeastern Japan in March 2011, crippling the country's Fukushima Daiichi nuclear power plant and forcing Tokyo to pursue additional non-nuclear forms of energy.

Japan last month shut its last operating nuclear reactor for maintenance, leaving the country without nuclear power for the first time in more than 40 years.

Ten of the major utility companies in Japan consumed more than 4 million tons of LNG in May, a record for the month and a 22 percent increase from the same time last year, the Platts news service said, citing government records.

In terms of crude oil, demand is expected to reach a 10-year high during the summer as a result of the nuclear power outage. The outage means about 20 percent of the country's power capacity isn't available.

Japan was one of the seven countries listed this week by the U.S. State Department that have significantly cut back on the crude oil purchased from Iran.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient Fireball Cinnamon Whisky recalled in Europe for antifreeze ingredient
2
Eni makes major oil find offshore Congo Eni makes major oil find offshore Congo
3
U.S. sinks $25 million in funding for renewables U.S. sinks $25 million in funding for renewables
4
U.S. average gas price headed below $3 U.S. average gas price headed below $3
5
Elon Musk: We are 'summoning a demon' with artificial intelligence Elon Musk: We are 'summoning a demon' with artificial intelligence
Trending News
Around the Web
x
Feedback