• 4 minutes The Federal Reserve and Money...Aspects which are not widely known
  • 8 minutes How Far Have We Really Gotten With Alternative Energy
  • 12 minutes  What Russia has reached over three months diplomatic and military pressure on West ?
  • 15 mins GREEN NEW DEAL = BLIZZARD OF LIES
  • 5 days European Parliament Members, Cristian Terhes et al, push back against Totalitarian Digital ID and Carbon Tyranny in Europe.
  • 4 days "How Long Will The Epic Rally In Energy Stocks Last?" by Tsvetana Paraskova at OILPRICE.COM
  • 7 days Coincidence of EIA Report Delay? - "I had seen it delayed minutes, and a couple of times a few hours, but don’t recall something like this — do others?" asks Javier Blas
  • 2 days Oil Stocks, Market Direction, Bitcoin, Minerals, Gold, Silver - Technical Trading <--- Chris Vermeulen & Gareth Soloway weigh in
  • 8 days Demonising fossil fuels has caused major grid problem in Australia
  • 7 days "...too many politicians believe things that aren’t true." says Robert Rapier
  • 7 days Welcome to Technocracy - The New World Energy Order... "1000s Of Sydney Homes Plunged Into Darkness As Aussie 'Price Cap' Policy Sparks Energy Shortage"

Breaking News:

Oil Should Stay In Triple Digits: Analyst

China To Subsidize Refiners If Oil Prices Exceed $130

China To Subsidize Refiners If Oil Prices Exceed $130

China will provide subsidies to…

World Energy Demand Jumped Above Pre-COVID Levels In 2021

World Energy Demand Jumped Above Pre-COVID Levels In 2021

BP concluded that global primary…

Beijing Eyes Nuclear Power Markets From Belt and Road Initiative

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.

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

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.

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

EXXON Mobil -0.35
Open57.81 Trading Vol.6.96M Previous Vol.241.7B
BUY 57.15
Sell 57.00
Oilprice - The No. 1 Source for Oil & Energy News