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. Last Updated: 07/27/2016

Japan Discusses Buying Uranium

The Tekhsnabexport foreign trade association confirmed Thursday it may be close to a deal to export enriched uranium to Japan, but said the expected volume of supplies was less than 100 metric tons.

"A draft contract on enriched uranium is being examined by Japanese and Russian authorities," said Yury Bespalko, a spokesman for the association, known as Tenex.

Japanese industrial daily Nikkan Kogyo Shimbun reported earlier that Tokyo Electric Power Co. Inc. had agreed to buy 100 tons of enriched uranium from Tenex, pending approval of Japan's Ministry of International Trade and Industry.

The paper also said TEPCO, the world's largest privately owned utility, had not yet decided whether it would sign a term contract with Tenex or would remain a spot buyer.

TEPCO said it was considering a purchase.

A TEPCO spokesman denied the existence of a formal agreement but confirmed the company was examining buying Russian uranium.