Japan ups reliance on oil-fired power to replace idled nuclear generation

Japanese utilities are increasing their oil imports in order to help replace some of the country's idled nuclear power capacity, according to Bloomberg

The country's nuclear power plant utilization rate has fallen dramatically to 5.1 percent in August from 26.4 percent the same month last year, even after the March 2011 tsunami that crippled the Fukushima Daiichi reactor. 

Meanwhile, the country has increased its reliance on oil-fired power plants, with total oil imports rising 35.4 percent year-over-year in August to reach around 257,000 barrels per day. 

Of that amount, 7 percent was used for power generation. By comparison, the International Energy Agency reports that less than 2 percent of Japanese crude oil was converted to electricity in in 2009. 

Japan has pushed hard to diversify its crude oil supply, with Reuters reporting that it has drastically scaled back imports from Iran in response to international sanctions. However, the country's cut in imports could allow it to secure a further extension of exemptions provided by the U.S. and Europe. 

PennEnergy's Research area explains how the ongoing nuclear debate in Japan could impact oil and gas markets.



Whitepapers

Pervasive Governance: Rethinking Traditional Approaches to Information Governance for Oil & Gas

Information is an organization’s most important strategic asset – the “lifeblood” of the organiza...

OSHA 1910.269 Are You Regulation Ready?

Read this Q&A to learn about changes to federal regulations and how to select FR garments for...

AVEVA’s Digital Asset Approach - Defining a new era of collaboration in capital projects and asset operations

There is constant, intensive change in the capital projects and asset life cycle management. New ...

On the Radar: EMC Supplier Exchange

This report addresses key issues for managers of complex contracts in energy and engineering. Thi...

Webcasts

Adding GPS vehicle management to your team

A GPS fleet management system can be a highly effective tool to help lower costs, improve productivity, and manage your vehicles more efficiently. But with many vendors and prod...
( 08/25/2015 / 12:00 PM Eastern Daylight Time / 11:00 AM Central Daylight Time / 09:00 AM Pacific Daylight Time / 16:00 GMT )
Sponsored by

Transforming the petroleum supply chain with the Internet of Things

The equipment involved in producing, moving, refining and selling petroleum is expensive, and rugged, and comes from hundreds of manufacturers. Enhanced by the Internet of Thing...
Sponsored by

Connected Decision-Making: Improving Asset Operations Through Comprehensive Information Management

Energy asset operators are faced with a paradigm today: increase efficiency and reliability levels while fighting to extend the lifespan of these aging asset. To meet these oppo...
Sponsored by

Latest Energy Jobs

View more Job Listings >>