Germany and Switzerland to Close their Nuclear Power Plants, Says GBI Research12 Jun 2013 • by Natalie Aster
The gradual phasing out of nuclear power in Europe is expected to result in increased natural gas consumption. Following the Fukushima nuclear disaster, Germany and Switzerland announced that their nuclear power plants would be closed by 2022 and 2034 respectively.
As a result, Germany is expected to become increasingly dependent upon gas imports from the Russian Federation, the Netherlands and other European nations. This scenario is expected to provide support for the pipeline industry in the country.
The Nord Stream twin pipeline system, which covers a distance of 1,224km from Vyborg, Russia to Lubmin near Greifswald, Germany, became operational in 2011. The transportation of gas from Line I began in November 2011 and from Line II in October 2012. The Yamal Europe Pipeline Line II, which is part of the 680km Yamal-Europe gas pipeline - one of the planned pipelines owned by EuroPol Gaz SA, is expected to supply natural gas from Russia to Germany. There are also plans for the construction of intra-country pipelines. Switzerland plans to rely upon gas power plants to compensate for the deficit that will be created by the nuclear phase out. This will require an increased amount of gas imports in the country thereby creating a need for new gas transporting pipelines.
New report "Pipeline Industry to 2017 - Rising Global Energy Demand and Increased Shale Gas Exploration Encouraging Growth" by GBI Research provides key information and analysis of the global oil, gas and product pipeline industry. Global key statistics on crude oil, natural gas and petroleum product pipelines are included in the report. It also includes geographic analysis in the Asia Pacific, Europe, Middle East and Africa, North America and South and Central America by each of the pipeline types. Major company profiles and along with competitive analysis are also included in the report.
Pipeline Industry to 2017 - Rising Global Energy Demand and Increased Shale Gas Exploration Encouraging Growth
Published: June, 2013
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More information can be found in the report “Pipeline Industry to 2017 - Rising Global Energy Demand and Increased Shale Gas Exploration Encouraging Growth” by GBI Research.
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