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2018-01-12 12:40:00

FRANCE - CHINA NUCLEAR COOPERATION

FRANCE - CHINA NUCLEAR COOPERATION

WNNCooperation on nuclear power technology is to be expanded between China General Nuclear (CGN) and the French Alternative Energies and Atomic Energy Commission (CEA) under an agreement signed yesterday in Beijing. New Areva and China National Nuclear Corporation (CNNC) have also agreed to work towards signing a contract for the construction of a used fuel processing and recycling facility in China.

The agreements were signed during the first visit to China by French President Emmanuel Macron.

Announced on the website of Chinese President Xi Jinping, the cooperation agreement between CEA and CGN focuses on areas such as nuclear reactor technology, advanced fuels and materials, and the nuclear fuel cycle. CGN and CEA will deepen cooperation in the upstream and downstream nuclear power industry supply chain, including reactor life management and the concept design of fourth-generation nuclear power technology.

CGN is the largest nuclear power operator in China, having 20 reactors in operation with a combined generating capacity of 21.47 GWe. It has a further eight units under construction, which will add a further 10.27 GWe of capacity.

The CEA is a key player in research, development and innovation in France. Its four main areas are: defence and security; nuclear and renewable energies; technological research for industry; and fundamental research in the physical sciences and life sciences. It is established in nine centres around France.

Meanwhile, New Areva and CNNC signed a memorandum of commercial agreement for the construction of a used fuel processing and recycling facility in China.

The partners signed an agreement in November 2007 to assess the feasibility of setting up an 800 tonne per year reprocessing plant in China based on Areva's La Hague and Melox plants and contract negotiations have continued since then.

In a statement, Areva said: "Through this memorandum, New Areva and CNNC reaffirm their mutual commitment to complete the negotiations of the contract for the Chinese commercial used fuel treatment-recycling plant project at the soonest, to launch the project in 2018, and acknowledge the substantial progress made in the negotiations during the past few months."

New Areva CEO Philippe Knoche said, "CNNC and New Areva have stepped up their efforts to reach agreement on the contract and we are seeing today very positive results." He added, "I am looking forward to finalising the negotiations soon and starting the implementation of this landmark project with our partner CNNC in 2018."

While France and China have cooperated on nuclear energy for over 30 years, in March 2014 a joint statement was issued by then French President Francois Hollande and Chinese President Xi Jinping. The two leaders pledged to encourage "industrial and institutional" stakeholders in both nations to advance cooperation efforts in the entire nuclear fuel cycle, including nuclear power plant safety, used fuel recycling, new build projects and uranium mining.

China and France signed a number of nuclear cooperation agreements in July 2015, with Areva and CNNC agreeing to cooperate in the nuclear fuel cycle, including the extraction and conversion of uranium, fabrication of zirconium fuel assemblies, decommissioning, transportation and recycling.

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Earlier:

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2017, December, 15, 12:55:00

NUCLEAR - 2050: 25%

WNN - According to the Foratom statement, World Nuclear Association Director General Agneta Rising said: "By 2050, nuclear energy must account for 25% of energy generation if we are to meet our climate targets. With nuclear making up 11% of generation in 2014, an extra 1000 GWe in nuclear capacity will need to be built by 2050. However, meeting this goal will not be easy."

 

 Nuclear
2017, December, 13, 12:05:00

FRENCH THERMONUCLEAR REACTOR

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 Nuclear
2017, November, 9, 13:50:00

EIA: NUCLEAR ENERGY WILL UP

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2017, October, 25, 21:26:00

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.

 

 
 
 
Tags: FRANCE, CHINA, NUCLEAR, ENERGY

Chronicle:

FRANCE - CHINA NUCLEAR COOPERATION
2018, August, 17, 11:30:00

U.S. INDUSTRIAL PRODUCTION UP 0.1%

U.S. FRB - Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after posting five consecutive months of growth, the index for mining declined 0.3 percent. At 108.0 percent of its 2012 average, total industrial production was 4.2 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector was unchanged in July at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2017) average.

FRANCE - CHINA NUCLEAR COOPERATION
2018, August, 17, 11:25:00

NORWAY'S PETROLEUM PRODUCTION: 1.911 MBD

NPD - Preliminary production figures for July 2018 show an average daily production of 1 911 000 barrels of oil, NGL and condensate, which is an increase of 64 000 barrels per day compared to June.

FRANCE - CHINA NUCLEAR COOPERATION
2018, August, 17, 11:20:00

GAZPROM NEFT NET PROFIT UP TO 49.6%

GAZPROM NEFT - For the first six months of 2018 Gazprom Neft achieved revenue** growth of 24.4% year-on-year, at one trillion, 137.7 billion rubles (RUB1,137,700,000,000). The Company achieved a 49.8% year-on-year increase in adjusted EBITDA, to RUB368.2 billion. This performance reflected positive market conditions for oil and oil products, production growth at the Company’s new projects, and effective management initiatives. Net profit attributable to Gazprom Neft PJSC shareholders grew 49.6% year on year, to RUB166.4 billion. Growth in the Company’s operating cash flow, as well as the completion of key infrastructure investments at new upstream projects, delivered positive free cash flow of RUB47.5 billion for 1H 2018.

FRANCE - CHINA NUCLEAR COOPERATION
2018, August, 15, 11:10:00

OIL PRICE: NEAR $72

REUTERS - Front-month Brent crude oil futures LCOc1 were at $72.34 per barrel at 0648 GMT, down by 12 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 23 cents, or 0.3 percent, at $66.81 per barrel.

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