NEW GAZPROM'S RECORD
GAZPROM - The Gazprom Board of Directors took note of the information about the impacts of the events of 2017 on the long-term outlook for the global energy market.
It was highlighted that 2017 had been particularly successful for Russian gas exports. Last year, Gazprom exported a record 179.3 billion cubic meters of gas to Europe. The upward trend continued this year: as early as December 8, 2017, last year's record was beaten, with total exports reaching 179.8 billion cubic meters of gas.
2017 marked a recovery in China's gas consumption, which grew by 18 per cent in the first three quarters of the year thanks in large part to the rise in gas-fired power generation and the environmental benefits of natural gas over coal. Another of this year's important developments in this connection was the signing of the supplementary agreement between Gazprom and CNPC for Russian gas to be supplied to China via the Power of Siberia gas pipeline starting from December 20, 2019.
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WNA - Apart from adding capacity, utilisation of existing plants has improved markedly since 2000. In the 1990s capacity factors averaged around 60%, but they have steadily improved since and in 2010, 2011 and 2014 were above 81%. Balakovo was the best plant in 2011 with 92.5%, and again in 2014 with 85.1%.
WNA - India has a flourishing and largely indigenous nuclear power programme and expects to have 14.6 GWe nuclear capacity on line by 2024 and 63 GWe by 2032. It aims to supply 25% of electricity from nuclear power by 2050.
WNA - Mainland China has 38 nuclear power reactors in operation, about 20 under construction, and more about to start construction. The reactors under construction include some of the world's most advanced, to give a 70% increase of nuclear capacity to 58 GWe by 2020-21. Plans are for up to 150 GWe by 2030, and much more by 2050.
PLATTS - "The domestic uranium mining industry needs US government assistance to survive the foreign onslaught -- particularly from Russia and Kazakhstan -- that has undermined the US uranium industry while new players -- particularly China -- will soon make the situation worse," Energy Fuels and Ur-Energy said in a petition they jointly filed with the department.