BNEF on Japan's Plan to Phase Out Russian Oil

The video discusses Japan's reliance on Russian oil, which accounted for 3% of its oil imports in 2021, and the potential impact on the power market as Japan phases out oil and coal imports from Russia. This shift may increase Japan's reliance on spot LNG, affecting power prices. The energy transition is also addressed, highlighting the need to accelerate nuclear reactor restarts and renewable energy deployment to reduce fossil fuel dependency. The current pace of nuclear restarts is slow, with only 10 reactors expected online by 2030, falling short of the government's target of 20 reactors. The Kishida administration may push to expedite this process.

How does Japan's reliance on Russian oil compare to other G7 countries?

What percentage of Japan's total power generation is currently from fossil fuels?

What measures might Japan take to reduce its reliance on fossil fuels?

What is the government's target for the number of nuclear reactors by 2030?

How might the Kishida administration respond to the current pace of nuclear reactor restarts?