France Oil & Gas Report Q2 2013
Published by Business Monitor International
on Mar 8, 2013
, 84 pages
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BMI View: Since the 2011 Fukushima Daiichi nuclear disaster and the 2012 Presidential elections, French dependence on nuclear energy has been is under the spotlight and has been set to be diluted in favour of renewables. Hollande has restated a goal of reducing nuclear generation from 75% to 50% of the electricity mix. This also leaves the door open for gas to play a larger role. However, given the influence of the nuclear lobby in France, Hollande's cabinet will likely struggle to achieve these targets. Overall, the future of energy growth is uncertain and the outlook for refiners and fuel distributors remains poor.