Shell Tries to Help Offset Japan’s Energy Problems

Ever since that big earthquake hit Japan, the country has been going through a lot of problems. This includes everything from trying to locate missing people, to dealing with aftershocks. However, another problem that Japan is having right now is finding energy.

The earthquake that hit Japan caused two of its nuclear power plants to become damaged. One of these plants is currently going through a meltdown. This is not only raising fears of radiation leaks, but it is also causing Japan to have an energy shortage.

However, Shell has started to help Japan. They are doing this by shipping liquid natural gas cargoes into Tokyo. The goal here is to help Japan reach its energy demands in the aftermath of the quake. The very first batch of liquid natural gas was agreed on Monday night.

Shell CEO, Peter Voser, confirmed this new development during Shell’s strategy day. It has also been noted that, after the last big earthquake in Japan, it took the country about two years to get their nuclear plants back online.

Currently, in the stock market, the price of natural gas has slipped a bit. However, it is important to note that natural oil prices are significantly higher than what they were before the earthquake.

Right now energy is a very touchy subject with everyone. People all want countries around the world to go green. However, what are the rules when something like what happens to Japan happens to other places in the world? This is why it is so important for countries to have multiple energy sources. It’s always great when people do not have to be to reliant on one form of energy.