Energy Blast – May 31, 2011

Following news that Germany will shut all of its nuclear reactors by 2022, Reuters has a summary of current and planned nuclear activity of European countries.  The FT looks at the global fallout from the Fukushima disaster, predicting over all that ‘growth will be slowed, but not stopped‘.  The shift away from nuclear power will lead to a preference – at least in Europe – for natural gas.  Is the price of carbon heading for collapse?  Iran and Armenia are partnering up in energy matters, agreeing to expand commercial and industrial ties.  China will raise non-resident electricity prices by 3% in a bid to prevent blackouts.