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Japanese utility Tepco faces nuclear restart delay

  • Market: Coal, Electricity, Natural gas
  • 27/02/25

Japanese utility Tokyo Electric Power (Tepco) is facing a possible further delay in restarting its Kashiwazaki-Kariwa nuclear power plant in Niigata prefecture, as the company is likely to miss a deadline for installing anti-terrorism facilities at the No.7 and No.6 reactors.

Under Japanese nuclear safety regulations, nuclear power plant operators are required to build emergency control facilities in the event of severe accidents such as an aircraft crash or terrorist attack, within five years of receiving approvals to upgrade a reactor. Operators that miss the deadline will have to shut down their reactors.

Tepco said on 27 February that it has revised its target date to complete the counter-terrorism measures at the 1,356MW Kashiwazaki-Kariwa No.7 reactor from March 2025 to August 2029, after reviewing the upgrade construction process. This means that Tepco will not be able to meet its October 2025 deadline. This will force the reactor to shut for an extended period to complete the reinforcement work, even if Tepco secures local government approval to restart and successfully resumes operations before the deadline.

Tepco has also extended a target date to complete the counter-terrorism measures at the 1,356MW Kashiwazaki-Kariwa No.6 reactor from September 2026 to September 2031, later than the September 2029 deadline.

The Kashiwazaki-Kariwa No.7 and No.6 reactors have been closed since August 2011 and March 2012 respectively, following the March 2011 Fukushima nuclear disaster. The reactors have already cleared the post-Fukushima stricter safety inspection by the Nuclear Regulation Authority (NRA), but still need to secure local approval as the final hurdle.

Niigata governor Hideyo Hanazumi has been cautious about whether to approve the restoration of the Kashiwazaki-Karaiwa nuclear plant because of safety concerns, reiterating he will prioritise the concerns of local residents.

Tepco has tried to restart the No.7 reactor first, while completing the loading of nuclear fuel into the reactor in April 2024. But given that the October 2025 deadline for the No.7 reactor is looming, the company may refocus on restoring the No.6 reactor to utilise it until its safety deadline of September 2029. Tepco plans to load nuclear fuel into the No.6 reactor on 10 June.

The possible return of the Kashiwazaki-Kariwa nuclear plant will symbolic of Tepco's progress, given it has scrapped the melted-down Fukushima Daiichi and its nearby Fukushima Daini nuclear plants. Kashiwazaki-Kariwa is now Tepco's sole nuclear plant, and its return is expected to help ease the risk of an electricity shortage like the one that occurred in January 2021 in the Tokyo metropolitan area.

Tepco estimates that the restart of one nuclear reactor, which can produce 10TWh/yr of electricity, will help boost the company's profits by around ¥100bn ($668mn). It also expects the return of the Kashiwazaki-Kariwa No.7 reactor will help reduce CO2 emissions by around 3.3mn t/yr.


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02/05/25

Shell’s 1Q European gas production up

Shell’s 1Q European gas production up

London, 2 May (Argus) — Shell's European gas production for sale in January-March slightly stepped up on the year, but the company expects works to limit global oil and gas production this quarter. Shell produced 24.9mn m³/d in the first quarter, up from 24.8mn m³/d a year earlier but below the 25.2mn m³/d in fourth-quarter 2024. Shell has stakes in UK and Dutch fields, as well as a 17.8pc share in Norway's Ormen Lange field and an 8.1pc stake in the giant Troll field. Output from the two Norwegian fields was down on the year in January-February, the latest months for which data are available. Ormen Lange produced 19.8mn m³/d in January-February, down from 22.6mn m³/d a year earlier. Troll production averaged 123.6mn m³/d over those two months, also down from 126.2mn m³/d a year earlier. Shell's integrated gas business was the company's top performing segment with profits of $2.8bn, slightly higher on the year. Lighter maintenance at the Pearl gas-to-liquids plant in Qatar supported production, but unplanned works and weather constraints in Australia left the company's LNG volumes at 6.6mn t in January-March from 7.6mn t a year earlier, Shell said. Meanwhile, Shell's upstream division posted $2.1bn in profit, down 8.5pc on the year earlier but double compared with the fourth quarter 2024. The segment was hit with a $509mn tax bill related to the UK's Energy Profits Levy in the first quarter, partially offset by gains from asset sales. Across the entire company, Shell reported first-quarter profits adjusted for inventory valuation effects and one-off items of $5.6bn, surpassing analysts' expectations of $5.3bn . Shell's first-quarter worldwide oil, liquids and gas production was 2.84mn boe/d, down from 2.91mn boe/d a year earlier but up from 2.82mn boe/d in the previous quarter. The company expects lower oil and gas production this quarter in a 2.45mn-2.71mn boe/d range because of maintenance across its integrated gas portfolio and an absence of volumes from its SPDC business in Nigeria, which Shell sold off in March. By Aleksandra Godlewska and Jon Mainwaring Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Shell’s 1Q profit falls but beats expectations


02/05/25
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02/05/25

Shell’s 1Q profit falls but beats expectations

London, 2 May (Argus) — Shell's Integrated Gas business segment delivered a solid performance in the first quarter, helping the UK major exceed analysts' earnings estimates despite ongoing struggles in its downstream Chemicals and Products business. Shell reported a first-quarter profit of $4.8bn, down from $7.4bn a year earlier. Adjusted for inventory valuation effects and one-off items, profit was $5.6bn, surpassing analysts' expectations of $5.3bn. Integrated Gas was Shell's top-performing segment, with a profit of $2.8bn, slightly higher than the first quarter of 2024. Production was down by 6.6pc year-on-year at 927,000 b/d oil equivalent (boe/d), but up 2pc from the previous quarter. Less maintenance at the Pearl gas-to-liquids plant in Qatar had a positive impact on production, Shell said. But the company's LNG volumes were affected by unplanned maintenance and weather constraints in Australia, falling to 6.6mn t from 7.6mn t a year earlier. The Upstream segment posted a profit of $2.1bn, down by 8.5pc on a year earlier but double what it made in the fourth quarter of 2024. The segment was hit with a $509mn tax charge related to the UK's Energy Profits Levy in the first quarter, partially offset by gains from asset sales. Production for the segment was slightly down compared to a year earlier at 1.86mn boe/d, partly due to the divestment of Shell's SPDC business in Nigeria. Overall, Shell's first-quarter production was 2.84mn boe/d, down from 2.91mn boe/d a year earlier but up from 2.82mn boe/d in the previous quarter. Shell expects lower production in the current quarter, ranging from 2.45mn boe/d to 2.71mn boe/d due to maintenance across its Integrated Gas portfolio and the absence of volumes from the SPDC business. The Chemicals and Products segment reported a $77mn loss for the first quarter, compared to a $1.3bn profit a year earlier. Refinery runs were down by 4.8pc year-on-year, and chemicals sales volumes were marginally lower. Despite persistent low margins in the downstream, Shell noted that refining and chemicals margins improved compared to the fourth quarter. Shell expects capital spending for 2025 to be within a $20bn-$22bn range, in line with last year's spending. The company is maintaining its dividend at 35.8¢/share and its share buyback programme at $3.5bn a quarter. By Jon Mainwaring Send comments and request more information at feedback@argusmedia.com Copyright © 2025. Argus Media group . All rights reserved.

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Australia's Coalition eyes power, resource funding cuts


02/05/25
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02/05/25

Australia's Coalition eyes power, resource funding cuts

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India extends directive to lift coal-fired generation


02/05/25
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02/05/25

India extends directive to lift coal-fired generation

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Technical issue behind EIA gas report delay: Update


01/05/25
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01/05/25

Technical issue behind EIA gas report delay: Update

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