BNEF expects Japan nuclear output to rise rapidly over the next decade

But then slowly decline into 2050 as reactors retire and aren’t replaced. Output isn’t really expected to consistently return to pre-Fukushima levels

The temperature in India crossed 50C for the first time this summer, and is close to a record high 🇮🇳🌡️

👉 India’s record is 51C from 2016
🚢 The hotter weather is boosting power & gas consumption, and some Indian companies are looking to buy LNG

bloomberg.com/news/articles/…

Japan clears more nuclear reactors to operate longer
🇯🇵 ♥️ ☢️

📅 Takahama No 3 & 4 reactors received a 20-year lifetime extension to keep funding beyond 40 years
👉 Japan’s fleet of older reactors must stay online longer than intended to hit green goals
asahi.com/sp/articles/AS…

Former French President Hollande calls for ban on Russian LNG 🇫🇷🚢🇷🇺

💰 There would “certainly be an impact on gas prices given the importance of LNG” but a ban would show “political consistency”
👉 France's Total has a stake in two Russian LNG projects
montelnews.com/news/4b02075e-…

Japan buys (a little) more LNG from Australia amid a wider energy security push 🇯🇵🤝🇦🇺

🤝 Hokkaido Gas agreed to purchase 0.4 million tons/year of LNG from Santos for 10 years starting in 2027
📈 The utility expects gas demand to increase as it eyes carbon-neutrality in 2050

Another Japanese nuclear reactor moves closer to restart 🇯🇵 ☢️

📅 Onagawa No 2 finished required safety upgrades and will resume September
⚠️ This is important because Onagawa was the closest nuclear plant to epicenter of the March 2011 quake
👇 Restarts so far are lower south

The screws are slowly tightening on the global LNG market

🇦🇷 Argentina needs more LNG
🥵 Hot weather in Southeast/South Asia boosting demand
🇦🇺 Production hiccups from Australia to Brunei
🇦🇹 Austria faces Russian pipeline gas halt due to mysterious court case

Meanwhile, imports from Bolivia are falling

spglobal.com/commodityinsig…

Argentina faces a gas shortage 🇦🇷⚠️

🥶 Colder than normal weather is boosting demand above available supply, while domestic production grapples with bottlenecks
🛻 The government is halting delivery of LNG to some transport stations, and will purchase more shipments from abroad