While Europe fears for its pocket after gas cuts in the Middle East, France has a plan: its nuclear power
Europe holds its breath in the face of the threat of a new energy crisis. The escalation of war in the Middle East has caused a real earthquake in the markets. The de facto blockade in the vital Strait of Hormuz puts in check the arrival of liquefied natural gas (LNG) ships from Qatar, forcing cargo ships to deviate towards Asia. With European gas reserves below 30% after an unusually cold winter, panic relives the nightmare of 2022 it is palpable. However, in the midst of this continental chaos, France observes the situation with an apparent and calculated calm. The French country believes it has an ace up its sleeve to avoid blackouts and industrial ruin: its imposing, and recently resurrected, nuclear fleet. A historical export record. While northern Europe trembles over gas, the French electricity grid operator, RTE, has just put figures on the table that support the Elysée’s optimism. According to the Bilan electric 2025Last year, France broke its historical record by exporting 92.3 terawatt-hours (TWh) of electricity. To put it in perspective, RTE’s Director General of Economics, Thomas Veyrenc, explained to the Revue Générale Nucléaire that this volume exceeds the annual electricity consumption of an entire country like Belgium. This milestone has returned France to its traditional role as Europe’s “electric battery”, a status that it had resoundingly lost in 2022. The secret of this success lies in the recovery of its nuclear park, which produced 373 TWh in 2025 (3.1% more than the previous year) thanks to better availability of its reactors. As pointed out by Financial Timesthis French nuclear fleet is precisely the energy lever that Europe was missing after the invasion of Ukraine, and could be the key to not having to turn on polluting coal plants again in the face of the current gas cut in the Middle East. The paradox: they export because they do not consume. Economically, the move is round. According to Le Mondethese exports have earned France 5.4 billion euros. By having so much low-cost electricity production (nuclear and hydroelectric), the country manages to maintain very competitive wholesale prices, situated at an average of €61/MWh in 2025, well below the suffocating prices suffered by neighbors such as Germany or Italy. But this “miracle” has some worrying fine print. As the specialized media warns Le Monde de l’EnergieFrance exports so much electricity mainly because its domestic consumption is stagnant. The country’s electricity demand remained at 451 TWh in 2025, 6% below pre-crisis levels. The reality is that France is far behind in the electrification of its own economy. Paradoxically, 56% of the final energy consumed by the country continues to depend on fossil fuels, especially in sectors such as transportation and heating. The energy clamp to Spain. The French master plan to establish itself as the energy savior of Europe has a clear loser: the Iberian Peninsula. As we explained in Xatakawhile Germany pays more than 100 euros for electricity and France pays 13 euros, in Spain and Portugal renewable overproduction sinks prices until they reach zero or negative values. Why doesn’t that cheap and clean Iberian energy flow to a thirsty Europe? Because France acts as a protective wall. The country maintains Spain as an “energy island” with only 2.8% interconnection, deliberately blocking vital projects in Aragon and Navarra in its network plan for 2025-2035. ANDThe eternal France-Spain conflict. The motivation is not technical, but pure geostrategy and economic survival. Paris needs urgently make profitable a pharaonic investment of 300,000 million euros in its atomic sector. Allowing the massive entry of competitive Spanish solar and wind energy would sink the prices and profitability of its nuclear plants. In fact, President Emmanuel Macron has come to attack the Spanish energy model in the international press, calling it unstable, arguing that a network does not support a 100% renewable model, and describing the urgency of interconnections as a “false debate.” However, the data dismantles the Elysée story. On the one hand, there is the “Danish mirror”: Denmark operates with more than 80% wind generation and does not suffer blackouts because it is ultra-interconnected with its neighbors to balance the load. On the other hand, the flagrant French amnesia regarding 2022 stands out, the year in which the French reactors failed massively due to corrosion problems and it was Spain that had to export electricity to rescue France from the blackouts. Because of this current plug, Spain is forced to throw it away (what is known as technical discharges or curtailment) around 7% of its clean energy because it literally “does not fit” into the grid. All this is part of a strategy of total domination by the Elysée: Macron not only seeks civil energy hegemony, but, how to collect CNBChas put a doctrine of “advance deterrence” on the table, offering the protection of its nuclear weapons to Europe in the face of the withdrawal of the United States. The Achilles heel: the uranium crisis. However, Macron’s nuclear fortress could have feet of clay. The chain RFI (Radio France International) warns that this “nuclear renaissance” faces great uncertainty over uranium supply. Historically, France obtained 20% of its uranium from Niger. But following the recent military coup, the ruling junta revoked the permits of the French company Orano, nationalized the mines and blocked exports, leaving Paris with a gaping supply hole. Now, France is desperately trying to look for new sources in countries like Kazakhstan (the world’s largest producer) or Mongolia, but there it comes face to face with the overwhelming geopolitical, business and infrastructure influence of Russia and China. A castle with a drawbridge. France has managed to build an energy strength that, in the short term, allows it to weather the Middle East storm better than its European neighbors, selling its surpluses at a gold price. But it does so at the cost of isolating the Iberian Peninsula and betting everything on a mineral, uranium, whose control is increasingly slipping out of its hands on the global chessboard. Time will … Read more