Global Energy News Roundup: June 8

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

Prime Minister Abe Meets with President Trump Before North Korea Summit Meeting

Prime Minister Shinzo Abe visited President Donald Trump at the White House yesterday, ahead of Trump’s scheduled summit with North Korea. Prime Minister Abe was said to have urged Trump “not to relax his demands for the complete dismantling of Pyongyang’s nuclear weapons” and that the U.N. Security Council plan to call on North Korea to eliminate all of its ballistic missiles and mass destruction “must be implemented.” Also included in the agenda was Abe’s request that Trump pressure Kim Jong Un on the fate of Japanese prisoners in North Korea. President Trump is scheduled to travel to Singapore next week to meet with North Korean leader Kim Jong Un.

Source: NPR

President Trump To Give Lifeline to US Nuclear Plants

President Trump has ordered Energy Secretary Rick Perry to immediately take action to protect against nuclear power plant closures in the US. The order also included protection for the struggling coal plants. In an emailed statement, White House spokeswoman Sarah Sanders said that “impending retirements of fuel-secure power facilities are leading to a rapid depletion of a critical part of our nation’s energy mix and impacting the resilience of our power grid.” Coal and nuclear plants have faced increased competition from the natural gas and renewable energy sectors in the US. The strategy expected to be used would entail the Department of Energy using its authority to establish a “strategic electric generation reserve” and use incentives to compel grid operators to buy electricity from at-risk plants.

Source: Bloomberg

China and Russia Sign Nuclear Power Deals

China and Russia have signed four agreements that allows for construction of “four VVER-1200 units at Xudabao and Tianwan, cooperation in the CFR-600 fast reactor pilot project, and supply of the RITEG (Radioisotope Thermoelectric Generator) parts for China’s lunar exploration program.” Both Russian President Vladimir Putin and Chinese President Xi Jinping were present at the signing ceremony. These agreements continue to be an example of China and Russia’s push to increase their nuclear power capacity. The US-Japan Roundtable is currently working with the Atlantic Council to promote nuclear power throughout the US and Japan in order to counteract these moves made by China and Russia.

Source: World Nuclear News