Global Energy News Roundup: May 3


This week’s global energy news roundup features articles and information from a range of sources, including The Ministry of Foreign Affairs of JapanThe Washington Post, Agence France-Presse, and The Times of India. Headlines in this roundup include “U.S.-Japan Accord to Include Cooperation on Nuclear Energy”; “Tough Economic Times Ahead for Japan Sans Nuclear”; “Areva-Mitsubishi Consortium Short-listed for Jordan”; and “Japan and India Continue Talks on Civilian Nuclear Cooperation” The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday morning on forumonenergy.com and is available on Twitter via @forumonenergy.

U.S.-Japan Accord to Include Cooperation on Nuclear Energy (PDF file)
Prime Minister Yoshihiko Noda met with U.S. President Barack Obama this week, and the two countries have drawn up a bilateral accord that includes energy cooperation. The specific nuclear energy provision establishes a high-level Bilateral Commission on Civil Nuclear Cooperation to “foster comprehensive strategic dialogue” related to the implementation of civil nuclear programs and the Fukushima decommissioning and decontamination efforts. The provision also calls for “robust” sharing of research and development on nuclear energy “safety, security, environmental management and nonproliferation.”
Source:(PDF file) Ministry of Foreign Affairs of Japan

Tough Economic Times Ahead for Japan Sans Nuclear 
On May 5, Japan’s sole nuclear reactor in operation (at the Tomari Nuclear Power Plant) will shut down for its scheduled maintenance and refueling outage. The Washington Post reports that if reactors do not start coming back on line, the country will face more economic hardships. The Washington Post article refers to a December 2011 report (PDF file) by the Institute for Energy Economics of Japan (IEEJ) that concludes stagnant economic growth and increased carbon emissions will result from the shutdown of all 54 nuclear reactors. According to the IEEJ report, if reactors are brought online over the summer, the economy will grow by 1.9 percent and the country could see a trade surplus.
Source: Washington Post

Areva-Mitsubishi Consortium Short-listed for Jordan
Jordan recently announced it has settled on a shortlist of two competing bids to supply the country’s first nuclear reactor. Areva-Mistubishi’s 1150 MW Atmea-1 and AtomstryExport’s AES-92 are the two final designs being considered by the Jordan Atomic Energy Commission (JAEC). Both are pressurized water reactors. Discussions over technical matters and siting will be among the issues considered by JAEC for final selection.
Source: Agence France-Presse

Japan and India Continue Talks on Civilian Nuclear Cooperation
Monday marked the first ever “economic dialogue” between Japan and India, and the continued exchange will address nuclear energy cooperation. According to the Times of India, “Japan is worried that nuclear-armed India has not signed the Nuclear Non-Proliferation Treaty but has said as ‘a matter of basic policy’ it is interested in promoting use of Japanese civilian nuclear technology in India.” 
Source: The Times of India

In other news from India, the country says it can build nuclear reactors cheaper than its competitors. The Times of India reports that Dr. Srikumar Banerjee, Secretary in the Indian Department of Atomic Energy, said they could manufacture reactors at a cost of just $1,700 for a 700MW unit. The international average is reported to cost between $2500 and $3000 for a 1000MW reactor. 
Source: The Times of India

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