• 1 day PDVSA Booted From Caribbean Terminal Over Unpaid Bills
  • 1 day Russia Warns Ukraine Against Recovering Oil Off The Coast Of Crimea
  • 1 day Syrian Rebels Relinquish Control Of Major Gas Field
  • 1 day Schlumberger Warns Of Moderating Investment In North America
  • 1 day Oil Prices Set For Weekly Loss As Profit Taking Trumps Mideast Tensions
  • 1 day Energy Regulators Look To Guard Grid From Cyberattacks
  • 1 day Mexico Says OPEC Has Not Approached It For Deal Extension
  • 1 day New Video Game Targets Oil Infrastructure
  • 1 day Shell Restarts Bonny Light Exports
  • 2 days Russia’s Rosneft To Take Majority In Kurdish Oil Pipeline
  • 2 days Iraq Struggles To Replace Damaged Kirkuk Equipment As Output Falls
  • 2 days British Utility Companies Brace For Major Reforms
  • 2 days Montenegro A ‘Sweet Spot’ Of Untapped Oil, Gas In The Adriatic
  • 2 days Rosneft CEO: Rising U.S. Shale A Downside Risk To Oil Prices
  • 2 days Brazil Could Invite More Bids For Unsold Pre-Salt Oil Blocks
  • 2 days OPEC/Non-OPEC Seek Consensus On Deal Before Nov Summit
  • 2 days London Stock Exchange Boss Defends Push To Win Aramco IPO
  • 2 days Rosneft Signs $400M Deal With Kurdistan
  • 3 days Kinder Morgan Warns About Trans Mountain Delays
  • 3 days India, China, U.S., Complain Of Venezuelan Crude Oil Quality Issues
  • 3 days Kurdish Kirkuk-Ceyhan Crude Oil Flows Plunge To 225,000 Bpd
  • 3 days Russia, Saudis Team Up To Boost Fracking Tech
  • 3 days Conflicting News Spurs Doubt On Aramco IPO
  • 3 days Exxon Starts Production At New Refinery In Texas
  • 4 days Iraq Asks BP To Redevelop Kirkuk Oil Fields
  • 4 days Oil Prices Rise After U.S. API Reports Strong Crude Inventory Draw
  • 4 days Oil Gains Spur Growth In Canada’s Oil Cities
  • 4 days China To Take 5% Of Rosneft’s Output In New Deal
  • 4 days UAE Oil Giant Seeks Partnership For Possible IPO
  • 4 days Planting Trees Could Cut Emissions As Much As Quitting Oil
  • 4 days VW Fails To Secure Critical Commodity For EVs
  • 4 days Enbridge Pipeline Expansion Finally Approved
  • 4 days Iraqi Forces Seize Control Of North Oil Co Fields In Kirkuk
  • 5 days OPEC Oil Deal Compliance Falls To 86%
  • 5 days U.S. Oil Production To Increase in November As Rig Count Falls
  • 5 days Gazprom Neft Unhappy With OPEC-Russia Production Cut Deal
  • 5 days Disputed Venezuelan Vote Could Lead To More Sanctions, Clashes
  • 5 days EU Urges U.S. Congress To Protect Iran Nuclear Deal
  • 5 days Oil Rig Explosion In Louisiana Leaves 7 Injured, 1 Still Missing
  • 6 days Aramco Says No Plans To Shelve IPO
The Approaching U.S. Energy-Economic Crisis

The Approaching U.S. Energy-Economic Crisis

The connection between energy and…

Zainab Calcuttawala

Zainab Calcuttawala

Zainab Calcuttawala is an American journalist based in Morocco. She completed her undergraduate coursework at the University of Texas at Austin (Hook’em) and reports on…

More Info

Beijing Eyes Nuclear Power Markets From Belt and Road Initiative

Beijing

As Beijing’s interest in renewable and non-traditional sources of energy grows, Chinese companies are demonstrating their interest in untapped nuclear energy markets, according to new reports emerging from the region.

Nuclear power investments in Silk Road countries could amount to a $580 billion market, Wang Shoujun, the chairman of China National Nuclear Corp. (CNNC) told reporters on Monday.

“About 72 countries have been or are planning to develop nuclear power, among which 41 are along the Belt and Road route, and most of them are still in the earliest stages of nuclear power development,” the business man observed.

We estimate that if their nuclear energy were raised to reach development levels comparable to those of the U.S. or Japan, it would spawn a market worth [$580 billion].”

Chinese President XI Jinping proposed the Belt and Road Initiative in 2013, envisioning the unification of 65 countries in Asia, Europe, and Africa along ancient trade routes between the nations.

The Ministry of Environmental Protection has confirmed 36 operational nuclear reactors in China, with 20 more under construction. By the end of the decade, 58 million kilowatts of Chinese energy demand will be satiated by nuclear power.

The National Nuclear Safety Administration (NNSA) and the International Atomic Energy Agency (IAEA) tested the safety of China’s nuclear power program last year. Both groups found the country’s nuclear and radiation safety to be in accordance with international standards.

Related: Attack On Syria: U.S. Has Returned To “Business As Usual”

An anonymous NNSA source told People.cn that China had maintained safe nuclear power operations for the past three decades, with zero incidents exceeding Level 2 on the International Nuclear and Radiological Event Scale, which has seven levels total. The same official added that a shortage of space available to dispose of fuel and radioactive waste has limited the progress of the program, however.

By Zainab Calcuttawala for Oilprice.com

More Top Reads From Oilprice.com:



Join the discussion | Back to homepage

Leave a comment
  • NickSJ on April 18 2017 said:
    Fortunately China hasn't succumbed to anti-nuclear hysteria, so is rapidly increasing its nuclear electricity output. Every few months, a large new nuclear plant goes online there.

Leave a comment

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