Japan Nuclear Energy

The new system will require operators to create a long-term facility management plan.

As of 2023, there are 422 operable nuclear power reactors in the world, but none from SEA.

They will also explore other next-generation advanced reactors. 

Nuclear power generation will likely increase to 88TWh in 2031 from 57.3TWh in end-2021. 

 The JAIF and NEI asked the two governments to improve the energy market and regulation.

LNG on-arrival prices rose 62% YoY in January, according to Fitch.

The agencies raised the need for incentives and enhanced policies.

Nuclear power generation could rise 10.4% in 2022.

This could increase reliance on nuclear power.

But, approval of applications to restart nuclear power plants will remain a challenge.