Energy-hungry Japan is revving up its drive to secure uranium abroad as global demand for nuclear power rises amid stubbornly high oil and gas prices and growing environmental concerns. Major Japanese trading and energy firms are looking at multibillion yen investments in uranium mine projects, with electronics conglomerate Toshiba in February purchasing Westinghouse, the US power plant arm of British Nuclear Fuels, for about US$5.4 billion. Meanwhile, the government, which attaches great importance to nuclear power as a key to ensuring national energy security, is also considering assistance to help domestic firms in the intensifying global competition for fuel at nuclear power plants. Among those measures are financial aid and more investment-insurance coverage by government-affiliated organizations. Japan is already the world’s third-largest nuclear power nation in terms of the number of civilian nuclear plants in operation.