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2018-03-07 14:30:00

ASIA'S NUCLEAR INCREASING

ASIA'S NUCLEAR INCREASING

EIA - Nuclear electricity generation capacity in the Middle East is expected to increase from 3.6 gigawatts (GW) in 2018 to 14.1 GW by 2028 because of new construction starts and recent agreements between Middle East countries and nuclear vendors. The United Arab Emirates (UAE) will lead near-term growth by installing 5.4 GW of nuclear capacity by 2020.

The growth in nuclear capacity in the Middle East is largely attributable to countries in the region seeking to enhance energy security by reducing reliance on fossil fuel resources. Fossil fuels accounted for 97% of electricity production in the Middle East in 2017, with natural gas accounting for about 66% of electricity generation and oil for 31%. The remaining 3% of electricity generation in Middle East countries comes from nuclear, hydroelectricity, and other renewables.

Middle East countries are also adopting nuclear generation to meet increasing electricity demand resulting from population and economic growth. Regional electricity production was more than 1,000 billion kilowatthours (kWh) in 2017, and EIA expects electricity demand to increase 30% by 2028, based on projections in the latest International Energy Outlook. This growth rate is higher than the average global growth rate of 18% over that same period, and higher than the 24% expected growth in non-OECD (Organization for Economic Cooperation and Development) countries.

Developments in building nuclear capacity in the region include

Iran is building a two-unit nuclear plant, Bushehr-II, which is designed to add 1.8 GW of nuclear capacity when completed in about 2026. Iran's original Bushehr-I facility, which came online in 2011, was the first nuclear power plant in the Middle East. Bushehr-I has one 1.0 GW reactor unit producing about 5.9 million kWh of electricity per year.

The UAE is currently constructing the four-unit Barakah nuclear power plant, which is expected to be completed by the end of 2020. The 1.3 GW Barakah unit 1, which was started in 2012 and completed in 2017, is expected to begin electricity production by mid-2018.

Turkey began construction of the Akkuyu nuclear power plant in late 2017. Akkuyu is a four-unit facility designed to add 4.8 GW of nuclear capacity to Turkey's generation mix. The first reactor unit is scheduled to be completed by 2025.

Saudi Arabia is planning to build its first nuclear power plant and is expected to award a construction contract for a 2.8 GW facility by the end of 2018. It has solicited bids from five vendors from the United States, South Korea, France, Russia, and China to carry out the engineering, procurement, and construction work on two nuclear reactors. Construction is expected to begin in about 2021 at one of the two proposed sites—either Umm Huwayd or Khor Duweihin.

Jordan plans to install a two-unit 2.0 GW nuclear plant and has been conducting nuclear feasibility studies with Russia's Rosatom since 2016. In early 2017, Jordan solicited bids for supplying turbines and electrical systems, and construction is expected to begin in 2019 and to be completed by 2024.

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Earlier:

 Nuclear
2018, January, 29, 08:10:00

SAUDIS NUCLEAR POWER - 2017

WNA - Saudi Arabia plans to construct 16 nuclear power reactors over the next 20-25 years at a cost of more than $80 billion. It projects 17 GWe of nuclear capacity by 2040 to provide 15% of the power then, along with over 40 GWe of solar capacity. There are also plans for small reactors for deslination.

 

 Nuclear
2018, January, 24, 12:10:00

СОТРУДНИЧЕСТВО РОССИИ И КУВЕЙТА

МИНЭНЕРГО РОССИИ - В ходе переговоров стороны обсудили состояние и перспективы двустороннего сотрудничества в газовой сфере, а также атомной энергетике. Также главы энергетических ведомств выразили приверженность взятым договоренностям в рамках соглашения стран, входящих и не входящих в ОПЕК, по стабилизации нефтяных рынков.

 

 Nuclear
2018, January, 24, 11:45:00

IRANIAN NUCLEAR POWER - 2017

WNA - Iran produced 275 TWh gross in 2014, comprising 196 TWh from gas, 59 TWh from oil, both of which it has in abundance, 14 TWh from hydro which is less reliably available, and 4.5 TWh from nuclear power. Demand is growing about 4% per year, and Iran trades electricity with Afghanistan, Armenia, Azerbaijan, Iraq, Pakistan, Syria, Turkmenistan and Turkey. Net export is about 6 TWh/yr. Turkey and Iraq account for 90% of exports. Consumption in 2014 was about 223 TWh, per capita about 2700 kWh/yr.In mid-2015 generating capacity was 74 GWe, including 12 GWe hydro. The country plans to boost generating capacity to 122 GWe by 2022, with substantial export potential.

 

 Nuclear
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, 12:35:00

RUSSIAN-TURKISH NUCLEAR

ROSATOM - On December 10, 2017, the construction start ceremony took place at the Akkuyu NPP site under a limited construction licence issued by the Turkish Atomic Energy Agency (TAEK). Director General of the ROSATOM Alexey Likhachev, and First Deputy Minister of Energy and Mineral Resources of the Turkish Republic, Fatih Donmez, took part in the ceremony.

 Nuclear
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.

 

 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, POWER
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RUSSIA'S OIL PRODUCTION: 11.3 MBD

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U.S. CAPITAL EXPENDITURES UP

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Chronicle:

ASIA'S NUCLEAR INCREASING
2018, September, 21, 10:25:00

U.S. ENERGY CASH: $119 BLN

U.S. EIA - Energy companies’ free cash flow—the difference between cash from operations and capital expenditure—was $119 billion for the four quarters ending June 30, 2018, the largest four-quarter sum during 2013–18 Companies reduced debt for seven consecutive quarters, contributing to the lowest long-term debt-to-equity ratio since third-quarter 2014

ASIA'S NUCLEAR INCREASING
2018, September, 21, 10:20:00

WORLD OIL DEMAND: 100.23 MBD

OPEC - Total oil demand for 2018 is now estimated at 98.82 mb/d. In 2019, world oil demand growth is forecast to rise by 1.41 mb/d. Total world oil demand in 2019 is now projected to surpass 100 mb/d for the first time and reach 100.23 mb/d.

ASIA'S NUCLEAR INCREASING
2018, September, 21, 10:15:00

IRAQ'S OIL: NO RECORD

ARAB NEWS - Oil exports from southern Iraq are heading for a record high this month, two industry sources said, adding to signs that OPEC’s second-largest producer is following through on a deal to raise supply and local unrest is not affecting shipments.

ASIA'S NUCLEAR INCREASING
2018, September, 21, 10:10:00

NATURAL GAS EXPORT UP

PLATTS - The International Energy Agency expects the US to account for 75% of the global growth in natural gas exports over the next five years, a bullish outlook for LNG developers facing challenges at home getting projects off the ground and abroad with tariffs affecting trade flows.

All Publications »