Gas Golden Age Fades as Supply Boom Meets Japan Nuclear Rebirth
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The golden age of natural gas lost some of its luster this month.
Japan, the world’s biggest buyer of the fuel in liquid form, restarted a nuclear reactor on the island of Kyushu Aug. 11, re-embracing atomic power to shrink energy-import costs. A week later, a production milestone was marked at Santos Ltd.’s Curtis Island plant in Australia, a new liquefied natural gas project that’s part of a record annual capacity increase.