Had an interesting email newsletter recently from Dave Forest at Piercepoints.com – a resource sector observer. The subject matter was the price of liquid natural gas (LNG) which has been enjoying high prices recently at the expense of nuclear energy.
This is something I covered a while back when writing for Fission’s CEO Corner (when we were still Fission Energy). Specifically, that =one of the side effects of idling Japan’s reactor fleet has been a rise is the global price of LNG (yes, they are importing that much). With some of South Korea’s reactor fleet idled due to inspections related to falsified documents, this temporary price rise has increased even further.
Dave Forest’s point is that this price hike is temporary. S. Korea has already announced the imminent restarts of two reactors and Japan now has a total of twelve reactor restart applications in place. I agree. In my opinion, can natural gas replace nuclear? Yes, but at a cost that simply isn’t feasible over the long term. Things are already coming back around in the East as the restarts get under way and with it, nuclear will resume its growing place in the energy mix.
Dev Randhawa.
