Weekly HEG Global Energy Digest
France to develop nuclear cooperation in Brazil
French utility company EDF and Brazilian state power company Eletrobras signed a memorandum of understanding to promote cooperation in nuclear power in Brazil, according to Eletrobras on Wednesday.
In line with the three-year-long agreement, both companies and Eletrobras Eletronuclear, a subsidiary of Eletrobras, will study opportunities to collaborate for the conclusion of the Angra 3 nuclear plant and the development of new nuclear power plants in Brazil.
EDF will also be able to help maintenance and training in the Angra 1 and Angra 2 plants.
The activities to be carried out under the agreement will be made through specific contracts, which will be defined later.
Brazil has two nuclear reactors generating about 3 percent of its electricity, with total installed 1,884 megawatts of capacity, according to the World Nuclear Association (WNA).
The country’s first commercial nuclear power reactor began operating in 1982.
Article Source: http://www.energymarketprice.com/energy-news/france-to-develop-nuclear-cooperation-in-brazil
Russia’s Gazprom announces sea part of TurkStream first segment finished
The Russian natural gas supplier, Gazprom, has launched supplies of liquefied natural gas (LNG) to India.
On 4 June, India received its cheapest ever LNG through a long-term deal, at the cost of $7 per million British thermal unit (mmBtu).
The nation’s 20-year-long deal will see the fuel supplied at $1.5 per mmBtu lower than India’s supply deal with Qatar.
Russia’s prices are also approximately $1.-1.5 cheaper per mmBtu than LNG from Australia and the US.
India’s Minster of Petroleum & Natural Gas and Skill Development & Entrepreneurship, Dharmendra Pradhan, travelled to Dahej to see the shipment arrive.
Pradham dubbed the event a “Golden Day” for the nation and its energy future and explained how India created the deal.
“First we renegotiated price of LNG from Qatar, then reworked Australian supplied and now gas from Russia under renegotiated terms has started to flow,” commented Pradhan.
“Four years ago, we were importing LNG from only Qatar. Today we are getting LNG from Australia, US and now Russia.”
The deal is expected to see India receive $25bn worth of LNG from Russia over the 20-year period.
Article Source: http://www.energymarketprice.com/energy-news/india-receives-its-cheapest-lng-from-russia%E2%80%99s-gazprom
Enlight eyes European mega-farm
Israeli outfit Enlight Renewable Energy is in negotiations to buy an undisclosed 300MW wind farm located in Western Europe.
Enlight did not provide details of the seller, but said the project is at an “advanced” development stage.
The company said a preliminary estimate of the investment would be between €320m and €350m.
It also expects to find financial partners to invest in the wind farm.
Enlight added that there is no certainty that the deal will go-ahead, with due diligence still to be completed and the transaction subject to certain unnamed conditions.
Article Source: http://www.energymarketprice.com/energy-news/enlight-eyes-european-mega-farm
Romanian state-owned gas transporter starts work on the BRUA pipeline
Romanian state gas transporter Transgaz started the construction of the first phase of the BRUA gas pipeline on Monday, June 4, the Economy Ministry announced.
The BRUA pipeline, which will connect Bulgaria, Romania, Hungary and Austria, is a project of regional importance supported by the European Commission.
The project’s first phase consists of building a 479-kilometer pipeline with a diameter of 32 inches and a nominal pressure of 63 bar. The estimated value of this phase is EUR 479 million.
Transgaz also started in April the construction of three gas compression stations that will be part of this phase.
Transgaz operates the gas transport network in Romania and is controlled by the Economy Ministry. The company has a market capitalization of some EUR 940 million.
Article Source: http://www.energymarketprice.com/energy-news/romanian-state-owned-gas-transporter-starts-work-on-the-brua-pipeline