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2019-01-04 11:30:00

JAPAN'S NUCLEAR RECONSTRUCTION: $17 BLN

JAPAN'S NUCLEAR RECONSTRUCTION: $17 BLN

ASAHI - At least 1.9 trillion yen ($17.12 billion) will be needed for the planned scrapping of 79 nuclear facilities, including the failed Monju prototype fast-breeder reactor, according to the Japan Atomic Energy Agency (JAEA).

However, the JAEA's estimate, released on Dec. 26, does not include maintenance expenses for the facilities nor costs to deal with leftover uranium and plutonium, meaning the actual tally could increase by hundreds of billions of yen.

State subsidies account for the bulk of the JAEA's budget, so taxpayers will likely foot most of the bill.

The agency plans to shut down 79 of its 89 nuclear facilities, including research reactors and test buildings, over 60 to 70 years due to aging and the huge costs needed for their continued operations under stricter safety standards.

According to the JAEA's estimate, the cost to decommission the Tokai spent nuclear fuel reprocessing plant in Ibaraki Prefecture will be 770 billion yen.

But the overall cost would reach nearly 1 trillion yen if expenses on dealing with highly radioactive liquid waste, which is left after plutonium is extracted from spent fuel rods at the plant, are included.

The problem-plagued Monju prototype fast-breeder reactor in Tsuruga, Fukui Prefecture, cost taxpayers more than 1 trillion yen ($8.82 billion) despite running for only 250 days during its two-decade operation.

The JAEA listed the decommissioning cost for Monju at 150 billion yen. But the decommissioning process is expected to take 30 years, and expenses needed to maintain the facility over that period would lift the overall cost to 375 billion yen.

The JAEA's annual budget is about 180 billion yen, but it has been shrinking, forcing the agency to find other sources of capital while continuing its research.

According to the JAEA's new budget plan, decommissioning work will start at 44 facilities by fiscal 2028 and proceed almost in parallel.

But the JAEA currently has no plan on how to handle plutonium stored at the facilities. In addition, no decision has been made on what to do with radioactive waste from the 79 facilities that could fill more than 560,000 200-liter drums.

 

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Earlier: 

 JAPAN WILL UP BY 0.9%
2018, December, 5, 09:30:00

JAPAN WILL UP BY 0.9%

IMF - The Japanese economy is growing above its estimated potential. After a temporary soft patch early in the year, domestic demand recovered in the second quarter. With external demand expected to remain supportive, and despite recent natural disasters, real GDP growth is projected to remain above trend in 2018 at 1.1 percent.

 

 JAPAN, U.S. NUCLEAR COOPERATION
2018, November, 16, 09:05:00

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WNN - The countries intend to cooperate in areas including nuclear research and development, including innovative reactors. They plan to discuss mid- to long-term planning to create private sector-led innovation, as well as encourage the private sector and university researchers to develop advanced reactors.

 

 JAPAN BUYS LNG CANADA
2018, October, 12, 11:10:00

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PLATTS - Tokyo Gas will purchase up to 0.6 million mt/year from LNG Canada for a period of 13 years from April 2026 to March 2039, delivered on an ex-ship basis with destination flexibility, Tokyo Gas added

 

 JAPAN NEED HELP
2018, October, 3, 08:30:00

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PLATTS - Japan continued to press for relief from US sanctions against Iran's oil customers during a meeting in Washington this week and urged US counterparts to consider the impact on the Japanese economy.

 

 

 ВЗАИМОДЕЙСТВИЕ ГАЗПРОМА И JBIC
2018, September, 13, 13:30:00

GAZPROM - JBIC COOPERATION

GAZPROM - A working meeting between Alexey Miller, Chairman of the Gazprom Management Committee, and Tadashi Maeda, Governor of Japan Bank for International Cooperation (JBIC), took place at the 4th Eastern Economic Forum in Vladivostok.

 БОЛЬШЕ РУССКОГО СПГ В ЯПОНИЮ
2018, September, 12, 12:05:00

RUSSIAN LNG FOR JAPAN

PLATTS - Putin said the LNG sector in particular was a key focus area for future cooperation, noting that Japanese companies may take part in the planned expansion of Sakhalin 2, Arctic LNG 2 and Baltic LNG projects as well as an LNG transshipment facility in Kamchatka.

 JAPAN'S NUCLEAR UP
2018, September, 3, 14:50:00

JAPAN'S NUCLEAR UP

REUTERS - Japan’s consumption of liquefied natural gas (LNG) is set to fall as the country’s nuclear reactors restart, with output from atomic power set for its highest since the aftermath of the Fukushima disaster.

 

Tags: JAPAN, NUCLEAR
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