While Japan has been traditionally dependent on nuclear power, following the Fukushima nuclear disaster, the country has witnessed a surge in oil and gas-fired generation. In the aftermath of the Fukushima accident, Japan boosted its LNG imports and also began to operate its thermal power plants at near maximum capacity. Japan is known to have one of the most conducive atmospheres for the growth of the power sector in all of Asia. It has a favorable regulatory environment while there are no financial limitations to investment in the industry. Japan’s power grid infrastructure is also known to be one of the most well-developed in Asia.