• 6 minutes Saudis Threaten Retaliation If Sanctions are Imposed
  • 11 minutes Can the World Survive without Saudi Oil?
  • 15 minutes Saudis Pull Hyperloop Funding As Branson Temporarily Cuts Ties With The Kingdom
  • 2 hours WTI @ $75.75, headed for $64 - 67
  • 3 hours U.N. About Climate Change: World Must Take 'Unprecedented' Steps To Avert Worst Effects
  • 2 hours Saudi-Kuwaiti Talks on Shared Oil Stall Over Chevron
  • 37 mins Closing the circle around Saudi Arabia: Where did Khashoggi disappear?
  • 10 hours U.S. - Saudi Arabia: President Trump Says Saudi Arabia's King Wouldn't Survive "Two Weeks" Without U.S. Backing
  • 7 hours OPEC's No. 2 Producer Wants to Know How Buyers Use Its Oil
  • 8 hours Iranian Sanctions - What Are The Facts?
  • 3 hours UN Report Suggests USD $240 Per Gallon Gasoline Tax to Fight Global Warming
  • 22 hours How High Can Oil Prices Rise? (Part 2 of my previous thread)
  • 2 hours EU to Splash Billions on Battery Factories
  • 9 hours Superhumans
  • 6 hours Who's Ready For The Next Contest?
  • 7 hours China Thirsty for Canadian Crude
Oil Prices Subdued, But For How Long?

Oil Prices Subdued, But For How Long?

Oil prices may have closed…

South Korea Cuts Iran Oil Imports To Zero

South Korea Cuts Iran Oil Imports To Zero

U.S. ally South Korea has…

Chinese Provinces Suspend Nuclear Power Plant Projects

The implications of the Fukushima catastrophe are reverberating through China, as a number of provinces have suspended new nuclear power projects.

This in turn has added pressure to the government’s emission reduction target contained in the country’s 12th Five-Year Program.

Fujian province has vowed to build “no more nuclear plants," Hong Kong’s Ching Chi Jih Pao economic daily reported. Fujian province governor Huang Xiaojing commented, "Fujian has three nuclear power plants, and that is enough. Projects that have not been completed must not be continued," adding that that it is necessary to make sure the nuclear power plants under construction are absolutely safe. Other projects that "have not been built and whose preliminary work has not been done must not go ahead."

Huang's announcement has elicited responses, with Dr Zhu Sihai of the Fujian Provincial Government Development and Research Center countering that the province’s current three nuclear power plants could hardly support the energy demand in Fujian in the future while Chen Boqing, a member of the Chinese Nuclear Society and the former deputy director of the Office of Nuclear Energy in Fujian Province, said there was no need whatsoever to build two or three more nuclear power plants in Fujian.

Hubei province has also temporarily suspended approval of nuclear projects while Guangdong province, which has vowed to establish itself as a "special region of nuclear energy," is assessing the impact of the Fukushima debacle.

By. Joao Peixe, Deputy Editor OilPrice.com



Join the discussion | Back to homepage

Leave a comment

Leave a comment

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