Bloomberg: Shell Says Japan Nuclear Accident to Support Long-Term Global Gas Demand

“Royal Dutch Shell Plc (RDSA), Europe’s largest oil company, said Japan’s nuclear accident will support world natural gas demand in the longer term. Shell plans to increase liquefied natural gas supplies to Japan, the world’s largest buyer of LNG. The cost of building nuclear power generators will rise because governments will increase safety demands and compliance for the operators, said De La Rey Venter, Shell’s Global Head of LNG. . . . In places like the America, Europe this is going to have a lasting effect on public opinion, which is going to drive the extent” of nuclear power capacity construction, Graeme Wildgoose, an LNG consultant at Poten & Partners, said in an interview yesterday.”