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OPEC Cut Could See LNG Prices Rise

OPEC Cut Could See LNG Prices Rise

LNG producers are on edge…

South Korean Consortium Investing in Romanian Nuclear Project

South Korea’s nuclear industries are to build Romania’s Cernavoda reactors 3 and 4.

According to the office of Romania’s Minister of Economy, Trade and Business Environment, Ion Ariton, “The representatives of the (Korea Nuclear) consortium voiced again their firm decision to participate in the project through the purchase of shares in the project company EnergoNuclear SA and through investments in building Cernavoda reactors 3 and 4. Minister Ion Ariton thanked the Korean guests for their promptness in responding the invitation to return to Romania to continue discussions and voiced hope that the Korean side would become part of the Romanian project,” Bucharest’s Agerpres news agency reported.
Cernavoda’s nuclear power plant currently houses two CANDU reactors which currently provide about 18 percent of Romania's electrical energy output.
 
The facility has had a number of problems, most recently earlier this month when Romania restarted the Cernavoda reactor on the river Danube after shutting it down on 16 September for maintenance.
 
The Cernavoda nuclear power plant is Romania’s sole civilian nuclear power station generating electricity. The state-run Societatea Nationala Nuclearelectrica SA power company stated that the closure was to correct an equipment failure, that there were no problems protecting personnel, equipment or the environment during the shutdown and that all security systems operated normally.

By. Joao Peixe, Deputy Editor OilPrice.com



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