• 4 minutes Trump has changed into a World Leader
  • 7 minutes China's Economy and Subsequent Energy Demand To Decelerate Sharply Through 2024
  • 8 minutes Indonesia Stands Up to China. Will Japan Help?
  • 10 minutes US Shale: Technology
  • 13 minutes Which emissions are worse?: Cows vs. Keystone Pipeline
  • 17 minutes Shale Oil Fiasco
  • 25 mins Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 15 hours We're freezing! Isn't it great? The carbon tax must be working!
  • 6 mins Phase One trade deal, for China it is all about technology war
  • 8 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 2 hours Might be Time for NG Producers to Find New Career
  • 12 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 15 hours Prototype Haliade X 12MW turbine starts operating in Rotterdam
  • 10 hours Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 14 hours Wind Turbine Blades Not Recyclable
  • 14 hours Denmark gets 47% of its electricity from wind in 2019
  • 1 day Beijing Must Face Reality That Taiwan is Independent
Alt Text

Another OPEC Producer Looks To Back The Aramco IPO

As the world’s largest initial…

Alt Text

The Worst Oil Trades Ever Made

Wall Street is full of…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

This Small-Town Vote Could Be A Boost For Uranium

Another important step for the uranium market took place last week. With a key vote in Japan paving the way for the first restart of nuclear reactors in the country.

That came in the town of Satsumasendai, southwest of Tokyo. An area that hosts the Sendai nuclear power plant--made up of three reactors. All of which have been off-line since the Tohoku earthquake in March 2011.

But Satsumasendai's town council wants to change that. With a vote last week seeing 19 out of 26 council members vote in favour of restarting two reactors here.

Related: Here's A Firesale on $6 Billion in Energy Assets

Despite protests against the Sendai plant, the vote vas decisive--with only four council members voting against a nuclear restart. Three members abstained from the vote.

The decision is a key part of the restart process for the Sendai plant. Which received a positive safety evaluation from the Japanese Nuclear Regulation Authority in early September.

A potential restart here won't be immediate. With further safety checks still being required for the Sendai plant. The move must also go to a vote at the prefecture level (akin to a state government).

Related: LNG-Dependent Japan Tries To Gain Leverage Over Pricing

Assuming the plant clears those hurdles, it appears the two reactors here could come back online in early 2015. Which would be a historic event for both Japan's nuclear sector--and for the uranium market, where Japanese demand is a key driver for prices.

Of course, the lift in demand from just two reactors is likely to be minor. But a restart would be a symbolic victory for uranium--and could start an updraft in sentiment across the sector. Especially if it sets the stage for more reactors coming online next year.

Watch for final details on the Sendai safety checks, as well as the all-important prefecture vote. We'll then see about final timing for the restart here.

Here's to firing them up,
Dave Forest

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play