Weekly HEG Global Energy Digest

Nuclear:

Atomenergomash and General Electric JV inks Akkuyu agreement

GE Steam Power Systems signed an agreement to offer the main equipment of the conventional island directed to the four nuclear turbines of the Akkuyu nuclear power plant in Büyükeceli, Turkey.  The contract was offered to AAEM Turbine technology LLC, the Saint Petersburg, the joint company headquartered in Russia between Atomenergomash JSC (AEM) and General Electric (GE).

Four nuclear turbine generator units will be supplied by the company, including the Arabelle half-speed steam turbine, Gigatop 4-poles generator and condenser vacuum equipment.
Andreas Lusch, CEO of GE’s Steam Power Systems declared: “We are excited to work on this historic project in Turkey with our partner AEM. This new power plant will secure CO2 free energy for the country, benefiting from our tested and proven Arabelle nuclear steam turbine technology.”
Andrey Nikipilov, CEO of AEM, affirmed: “Thanks to successful cooperation with GE, the very first nuclear power plant in Turkey will be provided with modern, efficient equipment meeting the highest requirements for reliability and safety.”
GE steam turbine technology is applied in 50% of the world’s nuclear power plants with the possibility to offer more than 200 GWe totally. Arabelle technology, which has been the most extensive turbine in operation for the latest ten years, generates 2% more electricity than a traditional configuration and has a reliability rate of around 99.96%.
The first Akkuyu site is planned to be installed in 2023, while every remaining units are likely to start operating every year by the end of 2026. The plant will be possessed and run by Akkuyu Nuclear AS, a joint company managed by Rusatom Energy International.
AEM and GE established the joint venture in 2007 for the conventional islands of VVER nuclear plants. Lusch stated that the Arabelle represents the core element of its collaboration with AAEM and that uniting their forces they provide complete solutions for conventional nuclear islands.

Article Source:  http://www.energymarketprice.com/energy-news/atomenergomash-and-general-electric-jv-inks-akkuyu-agreement

Renewable:

Members of the European Parliament voted for solider energy efficiency and renewable goals

Members of the European Parliament (MEPs) agreed to cut energy consumption by 40% by 2030. Every European Union  state will have to establish its own corresponding national energy efficiency objectives necessary  to attain the global target.

The measures would comprise all stages of the energy chain, counting generation, transmission, distribution and end usage.
On a separate basis, MEPs also voted for a minimum of 35% of all energy consumed in the EU to come from green sources. For the transport sector, at least 12% of energy consumed in every member state would have to be produced from alternative sources.
The Parliament representatives have modified the legislative proposals to guarantee that consumers who self-produce energy are empowered to consume it and install reservation systems without an obligation to pay any charges, fees or taxes. According to new regulations, national governments are in the position to evaluate existing barriers to consumers’ production of their own power.
The full Parliament should vote for the two resolutions in January.

Article Source: http://www.energymarketprice.com/energy-news/members-of-the-european-parliament-voted-for-better-energy-efficiency-and-renewable-goals

Energy Market

Russia and Brazil signed nuclear collaboration agreement

Russian nuclear giant Rosatom and Brazilian state firm Eletrobras as well as its subsidiary company Eletronuclear inked a memorandum of understanding (MoU) aiming to boost cooperation in the nuclear energy field.

The accord for the peaceful use of atomic power targets the creation of a new nuclear power plant in Brazil backed with life-cycle support in the operation, maintenance and decompensation, nuclear fuel management. The parties are also aiming to enlarge the exploitation period of the existing nuclear power plants in Brazil.
Under the terms of the deal, education and training of nuclear power working force will be provided in the South American state, as well as the promotion of public awareness of the country’s nuclear energy program.
Kirill Komarov, Rosatom’s first deputy general for corporate development and international business: “We are implementing the projects in the framework of nuclear fuel cycle and nuclear medicine. The signing of this MoU marks a new phase in our partnership. Brazil has substantial experience in using nuclear technologies and big plans for the development of its national nuclear sector.”
The World Nuclear Association made known that Brazil holds two nuclear reactors producing 3 percent of its electricity, and a third under construction. Brazil’s first commercial nuclear energy reactor started functioning in 1982.

Article Source: http://www.energymarketprice.com/energy-news/russia-and-brazil-signed-nuclear-collaboration-agreement

 

Natural Gas:

Prospex Oil and Gas discovers gas in Romanian reservoirs and might launch production in Q2 2018

Prospex Oil and Gas based in the UK declared it has made a finding at its Bainet-1 well on the Suceava concession in Romania and might launch exploration in the second quarter of 2018, as announced by the operator of the well, Raffles Energy.

Bainet-1 well was drilled to an overall depth of 600 m and came across 9 meters of reservoir with 8 meters of net gas pay comprising a good quality Sarmatian sandstone reservoir.
At present, Bainet-1 has been kept in conservation for a short time until it is linked to Bilca gas processing power unit operated by Raffles.
Bill Smith, Prospex non-executive Chairman, stated: “As well as generating the company’s first production and revenues in the near term, the Bainet gas discovery will provide an excellent platform from which to evaluate the multiple conventional shallow gas prospects and leads that have been identified across the concession”.
Raffles CEO, Doru Morariu, declared: “The Bainet gas discovery provides an excellent, additional near-term production opportunity for Raffles’ growing asset base. Over the coming years, Raffles plans to continue the exploration activities in the Suceava Concession with a petroleum operations programme focused on the evaluation of a portfolio of shallow gas prospects and the selection of the most prospective candidates for further exploration drilling”.
Prospex began to drill in Bainet well in the middle of November, while in September, the UK firm provided a funding of 650,000 British pounds (730,100 euro) to its 2017 activity program at Suceava.
Prospex Oil and Gas is concentrated on high impact onshore and shallow offshore European possibilities with short time scheduled for production. The company’s administration obtained underestimated projects with multiple, value boosting potential that can be executed within 12 months of purchasing and then applying low cost reassessment techniques to recognise and reduce the risk.

Article Source: http://www.energymarketprice.com/energy-news/prospex-oil-and-gas-discovers-gas-in-romanian-reservoirs-and-might-launch-production-in-q2-2018

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