• 3 minutes Is California becoming a National Security Risk to the U.S.?
  • 9 minutes Oil Prices
  • 14 minutes Gaming the Price of Oil
  • 8 mins Could EVs Become Cheaper than ICE Cars by 2023?
  • 24 mins France Revolts Against Anti - Carbon Tax
  • 6 mins Your idea of oil/gas prices next ten years
  • 7 hours MBS Isn't Going Anywhere
  • 6 hours Can U.S. Add "Another Russia" to Oil Supply?
  • 7 hours Regular Gas dropped to $2.21 per gallon today
  • 11 mins US continues imports of Russian gas which it insists Europe should stop buying
  • 1 hour French Fuel Protests
  • 13 hours Why does US never need to have an oil production cut?
  • 56 mins And Just Like That, Everybody Stopped Talking About $100 Oil
  • 46 mins OPEC is collapsing
  • 52 mins Santa Drives A Tesla, Not a Sleigh-- I KNEW IT.
  • 5 hours DOW down as tech shares plummet
Alt Text

It’s Time For Big Oil To Start Spending

Oil majors have been frugal…

Alt Text

Are Solid State Batteries The Key To Mass EV Adoption?

Industry leaders think that solid…

Alt Text

Oil Rebounds On Hopes Of OPEC+ Action

Oil prices rebounded on Friday…

Irina Slav

Irina Slav

Irina is a writer for the U.S.-based Divergente LLC consulting firm with over a decade of experience writing on the oil and gas industry.

More Info

Trending Discussions

Can China Meet Its Nuclear Power Goals?

China has 36.93 GW of nuclear power generation capacity across 38 units, data from the China Nuclear Energy Association has shown. Most of this is concentrated in coastal provinces where nuclear accounts for 15-25 percent of the power generation mix.

Yet this is nothing compared to China’s plans for nuclear energy: the country is eyeing capacity of 88 GW by 2020, installed and under construction. To this end, it is boosting its manufacturing capabilities and to date, it can make between 8 and 10 cores for pressurized water reactors annually. The core is the part of the reactor where the nuclear reaction takes place.

A recent report by the China Nuclear Energy Association, however, warned that if Beijing is to meet its 2020 nuclear capacity targets, it would need to build faster. This year, the non-government organization said, five reactors will be launched out of 20 that are under construction. But five a year is not enough: China needs to launch between six and eight reactors annually to hit the target of 88 GW in operation by 2020.

The five reactors to be launched this year will add 6 GW to China’s power generation capacity as the country seeks to reduce its dependence on coal, which currently accounts for 70 percent of power generation. Related: Oil Prices Spike As OPEC Compliance Hits New Record

Meanwhile, China is developing its nuclear power know-how and is already exporting it, well on its way to becoming a leading nuclear power as others begin to phase out their nuclear power capacity.

"China is the fastest-expanding nuclear power generator in the world, underscoring the huge potential of the country's nuclear sector at a time when traditional giants like the US are retreating," the director of the China Center for Energy Economics Research at Xiamen University recently told the Global Times.

The most notable illustration of this expansion is the Hualong-1 third-generation reactor which is currently being built in China, but Beijing is in talks with four countries, among them the UK, Thailand, Argentina, and the Czech Republic, to built Hualong-1 there as well.

By Irina Slav for Oilprice.com

More Top Reads From Oilprice.com:




Back to homepage

Trending Discussions


Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
-->