AOL Energy: After Fukushima, Japan Faces Costly Options

“Increasing numbers of nuclear reactors are being kept off-line in Japan as local governments respond to public fears about safety in the wake of the Fukushima meltdowns. Kyoichi Miyazaki of Poten and Partners told a conference session of the US Association of Energy Economists October 10 that all but 10 of Japan’s 54 nuclear reactors are now off-line. . . . He said Japan has been lucky so far that there is surplus liquefied natural gas available. US consumption is falling because of shale discoveries, and new gasification facilities, such as those in Qatar, have been coming on line. But, said Miyazaki, with the nuclear shutdowns Japan has added 10-15 million metric tons per day to its 70 million ton consumption, and that could leave the economy ‘struggling’ if prices rise. He said the new national government shows signs of being ‘more realistic,’ and said Japan must look at its energy options in an integrated way, reaching beyond the fears of Fukushima. ‘You can’t separate nuclear and natural gas,’ he said.”