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Mar 19 • 7 tweets • 3 min read
Nuclear energy gaining popularity on surging fossil fuel prices ☢️

All this in the last 2 weeks:

🇧🇪 Belgium delays nuclear exit by 10 years
🇰🇷 South Korea elects pro-nuclear president
🇯🇵 Japan policymakers call for faster reactor restarts
🇨🇿 Czech opens tender for atomic plant
Reaching net zero emissions by 2050 won’t be easy

BNEF developed a scenario where nuclear plays a bigger role in global decarbonisation. The forecast sees atomic energy increasing *17-fold* over the next three decades

about.bnef.com/blog/the-renai…
🇬🇧 U.K. Prime Minister Boris Johnson is set to meet with the nuclear industry on Monday to discuss how quickly plans to build new capacity can be rolled out, as the nation seeks energy self-sufficiency in the wake of Russia’s invasion of Ukraine

bloomberg.com/news/articles/…
🇫🇷 From early-February: President Macron wants France to build up to 14 new nuclear reactors, pledging tens of billions of state support over the next three decades

bloomberg.com/news/articles/…
Meanwhile, not everyone is embracing the atom….

🇩🇪 Germany on Tuesday (Mar 8) poured cold water on extending the life-span of its nuclear plants

channelnewsasia.com/world/germany-…
No doubt, expansion of nuclear power faces several hurdles. Cost overruns and delays are a problem

Data 👇
These from earlier in the month:

🇵🇭 Philippines to adopt nuclear and may start 37-year-old plant (that was never turned on)
🇫🇮 Finland’s Fortum applies to extend Loviisa lifespan to 2050

bloomberg.com/news/articles/…

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More from @SStapczynski

Stephen Stapczynski Profile picture
Mar 21
Cold, rainy weather forecast across Japan tomorrow 🇯🇵🥶

🌡️ It will be coldest in the Tokyo region. Areas in Kanto may even see snow
🚢 That will likely help drain Japan's LNG inventories and stretch the nation's power grid
The earthquake last week knocked several coal-fired power plants offline

That forced some of Japan's biggest utilities to boost output from gas-fired power plants and seek LNG supplies from the spot market

🚢🚢🚢

bloomberg.com/news/articles/…
👀

Read 5 tweets
Stephen Stapczynski Profile picture
Mar 21
Qatar agreed to work on supplying Germany with LNG
🇶🇦🤝🇩🇪

🚢Details are thin, but both countries agreed they would "re-engage and progress discussions on long term LNG supplies from Qatar to Germany"
🇷🇺 Germany seeks alternative to Russian pipeline gas

bloomberg.com/news/articles/…
“Now it’s up to companies to sign the contracts,” German Economy Minister Robert Habeck said

Germany’s challenge is finding short-term alternatives to Russian gas this year. The country doesn’t have any LNG import terminals

✈️ Germany's Habeck visited Doha on Sunday to talk LNG

“Qatar is in the process of increasing its gas extraction and we need more gas in the short term to replace Russian supplies,” Habeck said in his video. “That is what I discussed with the Emir and the energy minister"
Read 8 tweets
Stephen Stapczynski Profile picture
Mar 20
Japan’s foreign minister asked the United Arab Emirates to increase oil exports to help stabilise the market
🇯🇵 🙏 🇦🇪

🛢 Japan is the latest buyer to put pressure on OPEC+
📅 Foreign Minister Yoshimasa Hayashi spoke with Sultan al Jaber, head of Adnoc, on Sunday

#OOTT
🇦🇪 The UAE’s Jaber “expressed strong desire to support Japan including through the stabilization of the global crude oil market,” according to the statement from MOFA
Remember, another UAE official said this earlier in the month:

“We favor production increases and will be encouraging OPEC to consider higher production levels,” Yousef al-Otaiba, the UAE’s ambassador to Washington, said in a statement

bloomberg.com/news/articles/…
Read 6 tweets
Stephen Stapczynski Profile picture
Mar 20
Before the war in Ukraine, China was becoming more reliant on Russian energy, metal and crops
🇨🇳🤝🇷🇺

But relations have become more complicated in recent weeks, raising questions about future trade

Here’s how China’s trade with Russia may change 👇

bloombergquint.com/china/ukraine-… Image
Energy (1) ⚡️

Following the invasion, Chinese buyers, and the lenders that finance their purchases, have largely shunned Russian shipments of coal and LNG, as well as crude

While it likely temporary, it reflects companies’ deeper concerns about becoming ensnared in sanctions Image
Energy (2) ⚡️

China will likely expand imports of Russian LNG

But coal is different. Russian supply is a tiny fraction of what China consumes, and Beijing’s plan to raise the capacity of its coal industry suggests may be doing away with imports entirely

bloomberg.com/news/articles/…
Read 12 tweets
Stephen Stapczynski Profile picture
Mar 19
Japan and German government ministers are heading to Qatar this weekend to try to secure more LNG supplies
🇶🇦 🚢 🇯🇵 🇩🇪

🤔 Qatar previously said it can’t offer much immediate help as most supplies are tied up in long-term contracts… will that change?

bloomberg.com/news/articles/…
Also, will Qatar want to help Japan?

Jera, Japan’s top utility, didn’t renew a recent contract with Qatar, which caused a rift between the two nations 💥

The Japanese government has been trying to repair the relationship with Qatar, and the latest trip is probably part of that
Meanwhile, Germany doesn’t actually import LNG (yet) 🇩🇪

Germany is backing the construction of LNG import facilities to reduce dependence on Russian pipeline imports, but the country needs “more liquefied natural gas in the short term,” said Economy Minister Robert Habeck
Read 4 tweets
Stephen Stapczynski Profile picture
Mar 18
Tokyo area’s power supply is VERY tight right now⚡️ 🇯🇵

Tepco only has 2% of power reserves, as an earthquake in Fukushima earlier this week knocked offline some thermal power plants

Tepco is asking customers to conserve electricity
This is very abnormal. 9pm-10pm is NOT a peak demand period
This week’s earthquake is a reminder that Japan has very thin power reserves

A lot of oil-fired power plants have been retired, and nuclear remains largely idled (due to the earthquake/tsunami risk)
Read 5 tweets

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