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Report Published: "France Oil & Gas Report Q2 2014"

Recently published research from Business Monitor International, "France Oil & Gas Report Q2 2014", is now available at Fast Market Research

 

Boston, MA -- (ReleaseWire) -- 03/26/2014 -- Since the 2011 Fukushima Daiichi nuclear disaster and the 2012 presidential elections, French dependence on nuclear energy has been under the spotlight and has been set to be diluted in favour of renewables. While the country's current energy policy is unclear at the moment, President Francois Hollande's pledge to reduce the country's reliance on nuclear energy from 75% to 50% by 2025 could very well make room for greater gas-fired power generation in the coming years. Indeed, should a nuclear reduction occur (even in a smaller amount than targeted), the compensation for lost capacity would see an increase in renewable energy, gas and/or coal fired power generation. Given France's minimal domestic gas production and that shale gas exploration and production in unlikely within our forecast period, increased gas consumption would see rising gas imports. However, given the strong influence of the nuclear lobby in France, the future of energy growth is uncertain. The outlook for refiners and fuel distributors remains poor.

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