Friday, May 4, 2012

Japan seeks new energy supplies

The closure of Japan's nuclear reactors has prompted a hunt for alternative sources of energy in the resource-poor country.
Japan has shut 53 of its 54 nuclear reactors after last year's earthquake and tsunami resulted in radiation leaks at the Fukushima Daiichi nuclear plant.

As a result, there is a wholesale review underway of Japan's power supplies. Japan is looking at securing supplies from a diversity of sources from all corners of the globe.

Earlier this week, two Japanese companies, Mitsubishi Corporation and Mitsui & Co bought a $2bn (£1.2bn) stake in a liquefied natural gas (LNG) project in Australia.

The BBC's Roland Buerk in Tokyo told Sharanjit Leyl, that the hunt for energy resources is proving very expensive for Japan.

bbc.co.uk


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