• 14 hours Oil Pares Gains After API Reports Surprise Crude Inventory Build
  • 15 hours Elon Musk Won’t Get Paid Unless Tesla Does “Extraordinarily Well”
  • 15 hours U.S. Regulators Keep Keystone Capacity Capped At 80 Percent
  • 16 hours Trump Signs Off On 30 Percent Tariff On Imported Solar Equipment
  • 18 hours Russian Funds May Invest In Aramco’s IPO To Boost Oil Ties
  • 19 hours IMF Raises Saudi Arabia Growth Outlook On Higher Oil Prices
  • 20 hours China Is World’s Number-2 In LNG Imports
  • 1 day EIA Weekly Inventory Data Due Wednesday, Despite Govt. Shutdown
  • 1 day Oklahoma Rig Explodes, Leaving Five Missing
  • 2 days Lloyd’s Sees No Room For Coal In New Investment Strategy
  • 2 days Gunmen Kidnap Nigerian Oil Workers In Oil-Rich Delta Area
  • 2 days Libya’s NOC Restarts Oil Fields
  • 2 days US Orion To Develop Gas Field In Iraq
  • 4 days U.S. On Track To Unseat Saudi Arabia As No.2 Oil Producer In the World
  • 4 days Senior Interior Dept. Official Says Florida Still On Trump’s Draft Drilling Plan
  • 4 days Schlumberger Optimistic In 2018 For Oilfield Services Businesses
  • 5 days Only 1/3 Of Oil Patch Jobs To Return To Canada After Downturn Ends
  • 5 days Statoil, YPF Finalize Joint Vaca Muerta Development Deal
  • 5 days TransCanada Boasts Long-Term Commitments For Keystone XL
  • 5 days Nigeria Files Suit Against JP Morgan Over Oil Field Sale
  • 5 days Chinese Oil Ships Found Violating UN Sanctions On North Korea
  • 5 days Oil Slick From Iranian Tanker Explosion Is Now The Size Of Paris
  • 5 days Nigeria Approves Petroleum Industry Bill After 17 Long Years
  • 6 days Venezuelan Output Drops To 28-Year Low In 2017
  • 6 days OPEC Revises Up Non-OPEC Production Estimates For 2018
  • 6 days Iraq Ready To Sign Deal With BP For Kirkuk Fields
  • 6 days Kinder Morgan Delays Trans Mountain Launch Again
  • 6 days Shell Inks Another Solar Deal
  • 7 days API Reports Seventh Large Crude Draw In Seven Weeks
  • 7 days Maduro’s Advisors Recommend Selling Petro At Steep 60% Discount
  • 7 days EIA: Shale Oil Output To Rise By 1.8 Million Bpd Through Q1 2019
  • 7 days IEA: Don’t Expect Much Oil From Arctic National Wildlife Refuge Before 2030
  • 7 days Minister Says Norway Must Prepare For Arctic Oil Race With Russia
  • 7 days Eight Years Late—UK Hinkley Point C To Be In Service By 2025
  • 7 days Sunk Iranian Oil Tanker Leave Behind Two Slicks
  • 7 days Saudi Arabia Shuns UBS, BofA As Aramco IPO Coordinators
  • 7 days WCS-WTI Spread Narrows As Exports-By-Rail Pick Up
  • 7 days Norway Grants Record 75 New Offshore Exploration Leases
  • 7 days China’s Growing Appetite For Renewables
  • 8 days Chevron To Resume Drilling In Kurdistan
James Burgess

James Burgess

James Burgess studied Business Management at the University of Nottingham. He has worked in property development, chartered surveying, marketing, law, and accounts. He has also…

More Info

Geothermal Gains Traction in Post-Fukushima Japan

Geothermal Gains Traction in Post-Fukushima Japan

Japan’s Chuo Electric Power Co. is preparing to launch the country’s first new geothermal power project in 15 years at a time when Tokyo is grappling with energy alternatives to its deactivated nuclear reactors.

The new geothermal plant on Japan’s southern island of Kyushu will take advantage of the area’s natural hot springs and volcanic activity and will be one of the first to go online since 1999, boosting the nation’s geothermal power-generation potential which currently represents only 2%.

Chuo Electric has said it plans to open five more geothermal power-generation plants in the next five years.

Related Article: Three Years After Fukushima, What’s Next for Nuclear Power?

Japan, being one of the world’s most seismically active nations, is estimated that the country should be able to generate as much as 23 million kilowatts of energy.

Three years after the Fukushima disaster, Japan’s interest in geothermal power generation has increased.

Other technology giants such as Toshiba and Orix are also looking at plans for geothermal power generation plants across the country. Last November, the two companies set up a joint geothermal power company with the goal of launching their first project in Gifu prefecture in 2015.

According to some reports, there are more than 60 spots around the country that are currently being tapped as possible sites for plants.

However, opposition remains, and some in Japan are concerned that further development of geothermal energy could deplete the country’s hot springs.

Hirokazu Nunoyama, director of the Japan Spa Association, says hot spring baths are a cultural tradition and expresses concern over the potential dual sourcing of the island nation’s volcanic hot springs.

Related Article: New York Manholes for Electric Car Charging

In the wake of the Fukushima disaster and the deactivation of Japan’s nuclear reactors, the country is struggling to find alternative energy sources. Right now, the country is relying on expensive imports of liquefied natural gas (LNG) for almost all of its natural gas demand, consuming about 37% of global LNG in 2012.

Three years after Fukushima, Japan is still contemplating the role of nuclear power. Prime Minister Shinzo Abe has stated that nuclear reactors that pass inspections and deemed safe can return to operation, but there is as yet no clear timetable for this.

Abe has assured the public that they will meet the highest safety standards by building new flood walls and installing backup power at power plant sites. The safety measures and upgrades have cost an estimated $12.3 billion and counting.

By James Burgess of Oilprice.com




Back to homepage


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News