Global Energy News Roundup: March 15

The Forum on Energy weekly news roundup brings together a mix of global energy stories from around the web. It is published every Thursday and is available on Twitter via @forumonenergy

Saudi Arabia Discusses Plans for National Nuclear Energy Policy

Saudi Arabia has solidified its plans for a national policy for nuclear energy that is meant only to be used for “peaceful purposes.” The Ministry of Culture Information said in a statement to Business Insider that “all nuclear activities will be restricted to peaceful purposes, within the framework defined by international legislations, treaties and conventions.” Saudi Arabia remains “committed to complying with the principles of transparency in regulatory and operational aspects, and conforming to nuclear safety and security standards.” Earlier this month, U.S. Energy Secretary Rick Perry led a delegation that met with Saudi officials in order to discuss Saudi Arabia’s civil nuclear program. This is the first time the Saudi officials have announced their plans to advanced its nuclear power program.

Source: Business Insider

Nuclear Reactor In Japan Resume Operations

On March 14 Kansai Electric Power Company restarted a reactor at the Oi plant located on the coast of the Sea of Japan. The reactor is located close to two other units that are online already. It marks the first time that multiple reactors within a close vicinity have been in operation since the Fukushimi Daiichi plant meltdown. Next, Kansai Electric will work to start the No. 3 Oi reactor in April and the No. 4 reactor in May.

Source: The Mainichi

China and Russia Form Uranium Mining Partnership

China and Russia have formed a partnership to develop a mining project in Western Russia. The uranium holding subsidiary of Russia’s Rosatom will partner with the Russia-China Investment Fund to develop the project, which will cost an estimated $325 million and is located in the Zabaikalsky region of Russia. This marks the first time that a foreign country has been allowed to invest in Russian uranium mining, which is part of a “uranium dominance strategy” by Russia’s nuclear industry.

Source: ZeroHedge

Why Nuclear Energy Will Rebound in 2018

World Nuclear News published a list of 5 reasons why nuclear energy will rebound in 2018. The sector has faced its share of challenges over the years, including falling gas prices and renewable energy subsidies. Even with these setbacks, author Jarret Adams argues that nuclear energy is set to make a rebound this year. Below are the five reasons he believes this will happen:

  1. A wave of new plants is on the horizon
  2. Nuclear energy’s biggest players are reorganizing, including the restructuring of Areva.
  3. The role of nuclear energy in reducing climate change is impossible to ignore
  4. Nuclear energy will help the US avoid a gas bubble
  5. Advances in nuclear energy techonology

Please see here for the full article.

Source: World Nuclear News