Global Energy News Roundup: November 16

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

U.S. and Japan Sign Memorandum of Cooperation for Nuclear Energy

Representatives from the U.S. and Japan signed a memorandum of cooperation on November 13 that aims to enhance cooperation in nuclear energy. The memorandum was signed by the U.S. Departments of Commerce and Energy and Japan’s Ministry of Economy, Trade and Industry (METI), and Ministry of Education, Culture, Sports, Science and Technology. In a statement, a METI representative said that “with this memorandum of understanding, we will further advance cooperative relations between Japan and the United States in the field of nuclear power…in order to contribute to solving global issues such as global warming countermeasures and energy security, it is important for Japan and the USA to demonstrate leadership in the field of nuclear power…this memorandum confirms the importance of nuclear cooperation between the two countries and further progress.” The countries intend to work together in areas such as nuclear research and development, private sector led innovation, back-end fuel cycle management, and industrial cooperation for improving safety. Additionally, the memorandum recognizes nuclear energy as a “source of affordable, reliable, and clean baseload power, with the major premise of ensuring its safety, the desire to promote commercial partnerships in the nuclear energy sector to facilitate economic growth and energy security for both countries.”

Source: World Nuclear News

Vice President Pence Visits Japan on First Stop of Asian Tour

This past week U.S. Vice President Mike Pence kicked off a diplomatic tour of Asia and his first stop was Japan. The Vice President met with Prime Minister Shinzo Abe in Tokyo on Tuesday and stated that the “U.S.-Japan alliance is the cornerstone of peace and prosperity in the Indo-Pacific” and that “our nations’ security and prosperity depend on this vital region, and the U.S. will continue to ensure that all nations, large and small, can thrive and prosper.” The Vice President’s tour is meant to assure the Asian allies of the U.S. that the country remains committed to working with the region. However, Mr. Pence highlighted what he and President Trump view as a trade imbalance between the U.S. and Japan. Pence stated that “American products and services too often face barriers to compete fairly in Japanese markets” and that “the best opportunity for free, fair and reciprocal trade will come in a bilateral trade agreement.” Prime Minister Abe noted the strength of the Japan-U.S. alliance during the media event and both the Prime Minister and Vice President agreed to maintain a “pressure campaign” against North Korea and its effort to build nuclear weapons.

Source: The Japan Times

U.S. Energy Secretary in Prague to Promote Nuclear Energy

U.S. Secretary of Energy Rick Perry has traveled to Prague to promote the U.S. civil nuclear industry as the most suitable type of energy development for the Czech Republic. Perry stated “I can assure you that the U.S. industry is the safest, most reliable for the job.” Other countries, including Russia, are competing to build new reactors in the Czech Republic. Perry warned against doing business with Russia stating that Russia has used energy “as a political weapon.”

Source: ABC News