Japan to face an irreversible damage of power supply capacity 

By @ibtimes on

Amid the earthquake's massive damage that hit Japan on March 11, the Japanese economy will face an irreversible damage of its power supply capacity, alongside escalating fires Japanese Fukushima, increasing speculation that the nation will increase its liquefied natural gas (LNG) more than five-fold this period.

While Japanese economy depends on imported fuel for most of its needs, and now it is seeking for alternatives sources to nuclear power, after the quake that hit 11 reactors. The nation consumed 35 percent of the world's LNG in 2009, more than any other country.

Moreover, the power supply in Japan will reduce by 54% under a worst-case scenario to companies reliant on Tokyo Electric Power Co.

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