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2017-10-25 21:26:00

THE BIGGEST ASIAN NUCLEAR

THE BIGGEST ASIAN NUCLEAR

WNN - Asian countries continue to dominate the market for new nuclear build, according to a newly-released report from the World Nuclear Association. Of the 10 new nuclear power reactors that started up worldwide in 2016, eight were located in Asia.

The Association today launched a special edition of its 2017 World Nuclear Performance Report focusing on developments in Asia. It was released during Singapore International Energy Week, being held 23-27 October.

A total of 448 TWh of nuclear-generated electricity was produced in Asia in 2016. This was an 11.5% increase on 2015 and 35% more than in 2012. The amount of electricity generated by nuclear power in Asia is twice that of 30 years ago. In the last 10 years, nuclear generation has more than doubled in India and Pakistan and more than tripled in China. Nuclear generation in Asia now represents 18% of the global total of 2476 TWh.

Mainland China is the region's biggest nuclear generator. Its 37 reactors, with a combined capacity of 33,657 MWe, produced 210.5 TWh of electricity in 2016. This was followed by South Korea, whose 24 reactors (combined capacity of 22,505 MWe) generated 154.2 TWh. India's 22 reactors (6219 MWe) produced 35.0 TWh. Although Japan has 42 operable reactors, with a combined capacity of 39,952 MWe, the country produced just 17.5 TWh of nuclear-generated electricity due to the slow rate of restarts following the March 2011 accident at the Fukushima Daiichi plant. Twelve other reactors - in Taiwan, Iran and Pakistan - produced the remaining 41.5 TWh.

Two-thirds of the 61 reactors under construction around the world are being built in Asia, with almost half of these being built in mainland China. The 20 units under construction there have a combined capacity of 22,006 MWe. A further 19 reactors with capacity of 21,928 MWe are under construction in Taiwan, India, Japan, Pakistan, South Korea and the United Arab Emirates.

"Asia will be the next region to see nuclear generation start up in a new country, with the first unit at Barakah, UAE, due online in 2018," the report says.

A number of countries that do not currently have nuclear generating capacity have plans or proposals to construct nuclear power plants. A total of 57 reactors with a combined generating capacity of 60,430 MWe are planned or proposed in Bangladesh, Indonesia, Jordan, Kazakhstan, Malaysia, Saudi Arabia, Thailand, Turkey and Vietnam.

Jonathan Cobb, the World Nuclear Association's senior communication manager, said: "This report shows that Asia is leading the way in bringing new nuclear plant online. We need to build on this positive trend to accelerate the deployment of new nuclear capacity in Asia and worldwide."

Through the Association's Harmony initiative, the nuclear industry has set a goal to supply 25% of the world's electricity by 2050, which will mean the construction of 1000 GWe of new nuclear capacity. The path to achieving this needs an average of 10 GWe per year of new build now, then a doubling to 25 GWe on average from 2021-2025 and a peak construction rate of 33 GWe per year on average from 2026. This represents a return to the build rates the industry achieved in the 1980s.

According to the World Nuclear Association report, the nuclear industry brought more than 9 GWe of new plant on line worldwide last year, the largest annual increase in 25 years. This, it says, puts the industry on track to achieve the Harmony goal.

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Earlier:

 Nuclear
2017, October, 7, 12:35:00

RUSSIA - SAUDIS NUCLEAR

WNN - Rosatom and the King Abdullah City for Atomic and Renewable Energy (KA-CARE) signed a 'program of cooperation' in the peaceful uses of nuclear energy in Moscow yesterday as part of Saudi Arabian King Salman bin Abdulaziz Al Saud's state visit to Russia. The program aims to develop the intergovernmental agreement on cooperation in the peaceful uses of nuclear energy the two countries signed in June 2015.

 

 Nuclear
2017, June, 20, 20:15:00

RUSSIAN NUCLEAR FUEL FOR IRAN

On 19 June 2017, ATOMEXPO-2017 IX International Forum in Moscow saw a contract signed between TVEL Rosatom Fuel Company and the Atomic Energy Organization of the Islamic Republic of Iran on delivering a reserve batch of Russian nuclear fuel of Advanced Fuel Assemblies (AFA) type for the first unit of the Bushehr NPP in 2017.

 
 
 
 
 
Tags: ASIA, NUCLEAR, ENERGY

Chronicle:

THE BIGGEST ASIAN NUCLEAR
2018, January, 19, 12:15:00

S.KOREA'S DIVERSIFICATION

PLATTS - For full-year 2017, South Korea's crude imports from its biggest supplier Saudi Arabia fell 1.7% to 319.02 million barrels, compared with 324.45 million barrels in the previous year, customs data showed. On the contrary, South Korea has imported 1.77 million mt, or around 13 million barrels, of crude from the US in 2017, about four times higher than in 2016. Shipments from Russia grew to 140,000 b/d last year from 112,000 b/d in 2016.

THE BIGGEST ASIAN NUCLEAR
2018, January, 19, 12:10:00

ADNOC'S 2030 STRATEGY

AOG - ADNOC’s 2030 strategy, he said, aims to capitalise on predicted global economic growth and demand for oil and petrochemical products, particularly in non-OECD countries. As its business responds to changing market dynamics, the company will continue to broaden its partnership base, strengthen its profitability, adapt to new realities and expand market access.

THE BIGGEST ASIAN NUCLEAR
2018, January, 19, 12:05:00

TOSHIBA SELLS WESTINGHOUSE

WNN - Under the terms of the assignment and purchase agreement it has signed with Nucleus and Brookfield, Toshiba will sell its rights to assert claims against Westinghouse related to the parent guarantees in the amount of $5.788 billion, and on account of other claims Toshiba holds against Westinghouse in the amount of $2.284 billion to Nucleus, for the sale price of $2.160 billion.

THE BIGGEST ASIAN NUCLEAR
2018, January, 17, 23:50:00

OIL PRICES: NOT ABOVE $70 YET

REUTERS - Brent crude futures LCOc1 were at $69.23 a barrel at 0808 GMT, up 8 cents from their last close, but down from a high of $69.37 earlier in the day. Brent on Monday rose to $70.37 a barrel, its highest since December 2014, the start of a three-year oil price slump. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $63.84 a barrel, down from a high of $63.89 earlier, but up 11 cents from their last settlement. WTI hit $64.89 on Tuesday, also the highest since December 2014.

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