Kiran Stacey

I’m sad to say that after eight months of running Energy Source, I’m moving onto pastures new, to take up a position in Westminster as political correspondent. You can continue to read my posts (some may even be energy-related) in the FT and on the Westminster blog.

From Tuesday, May 31, Energy Source will be run by the FT’s energy team, led by Sylvia Pfeifer (there will be no headlines or post on Monday 30th because of public holidays in the US and UK). Please keep emailing energysource@ft.com with your great ideas and comments.

Many thanks to all our readers, especially anyone who has contributed in any way to our coverage and comments.

This interactive map tracks the impact of Friday’s earthquake in Japan, as well as the resulting tsunami across the Pacific.

Follow the latest news on Japan’s earthquake here.

Japan has declared a “nuclear emergency” at an atomic plant north of Tokyo after cooling systems failed following the country’s 8.9 magnitude earthquake.

Naoto Kan, prime minister, stressed that no radiation had leaked from the Fukushima Daiichi facility’s six reactors. But residents living within 3km of the plant were being evacuated by the military, and those within 10km told to stay in their homes.

The International Atomic Energy Agency, the world’s nuclear watchdog, said on Friday that it was seeking further details about the situation at a Japan’s Fukushima Daiichi nuclear power plant, which has been hit by the earthquake.

Japan has declared a heightened state of alert at the nuclear power plant, which is a boiling water reactor with six units.

For rolling coverage of the Japanese earthquake, follow the FT’s live blog here.

With a magnitude of 8.9, according to the British and US geological surveys, the offshore quake is the biggest since the magnitude 9.1 event off the coast of Indonesia that triggered the devastating Boxing Day tsunami in 2004 – and Japan’s biggest quake in recorded history.

After the destruction caused by the initial quake, there are two imminent dangers: aftershocks and tsunami. Dozens of aftershocks have already shaken weakened buildings across northern Japan, including a magnitude 7.1 tremor.

Sheila McNulty

Sara Akbar, chief executive of Kuwait Energy, an independent oil and gas company focused on the region, brought to the IHS Cambridge Energy Research Associates’ annual energy conference in Houston what she called a “view from the street” on the North Africa/Middle East tensions.
Akbar said that although the region was made up of disparate countries, they had enough similarities that one spark had set off change throughout. Even in Kuwait – which she noted had a very stable political system – there were calls for change.

As the Great Socialist People’s Libyan Arab Jamahiriya comes crashing down, despite regime attempts to butcher demonstrators — here’s a timely reminder on corporate exposure.

Much of it, as you’d expect, is concentrated in oil production. (Output at the country’s Nafoora oil field had stopped on Monday due to strikes, incidentally.)

Kiran Stacey

In this week’s readers’ Q&A session, Magued Eldaief, the head of GE’s UK energy business, answers your questions.

In this post, he discusses subsidies for carbon capture and storage, legislation to curb emissions and the future of smart metering.

Earlier, he answered questions on the future for nuclear power in northern Europe, wind power in the developing world and whether it is better to back small- or large-scale power generation projects.

Next in the hotseat is Iam Simm, chief executive of Impax Asset Management. He will be answering your questions next Friday, January 28th. Send in your questions for consideration by the end of Sunday, January 23rd to energysource@ft.com.

But for now, over to Magued:

Energy Source is no longer updated but it remains open as an archive.

Insight into the financial, economic and policy aspects of energy and the environment.

Read our farewell note

About the blog


« AugDecember 2014