An estimated one in five nuclear power plants operates in areas of significant seismic activity.
Brought to you by the World Nuclear Association, via the FT’s Orla Ryan.
The FT’s Javier Blas has been writing about the disruption in the energy markets as a result of the Japan earthquake. Here is the current state of play with energy-related commodity prices:
Natural gas – up 7.7 per cent
Analysts predict the knock to Japan’s nuclear capacity will lead it to import more natural gas, which will drive up overall demand.
The 60,000 people on the streets of Stuttgart this weekend protesting about Germany’s plans to extend the lives of ten nuclear power plants should leave the energy world in no doubt that events in Japan will have an impact on the nuclear industry everywhere.
Soon after the first explosion at the Fukushima nuclear plant on Saturday, politicians have been hurriedly backtracking on their commitments to the nuclear industry.
In the US, Senator Joe Lieberman told CBS’ Face the Nation:
I don’t want to stop the building of nuclear power plants. But I think we’ve got to kind of quietly put, quickly put, the brakes on until we can absorb what has happened in Japan as a result of the earthquake and the tsunami and then see what more, if anything, we can demand of the new power plants that are coming online.