UK National Grid puts on hold development consent for Moorside nuclear project power line

17/05/2017 15:14 Nuclear


National Grid suspended the development approval for a proposed electricity line connecting Britain’s transmission network to the Moorside nuclear project in northwest England.

The grid operator declared it had paused its work to consent the 2.8 billion pounds ($3.6 billion) North West Coast Connections project after NuGen's decision to carry out a strategic evaluation of the 10 billion pound Moorside project.


The nuclear project has been under question since Japan's Toshiba Corp abandoned the construction work in February after its Westinghouse unit became bankrupt. French energy conglomerate Engie also retired from the project, exercising its right to sell its 40% stake in NuGen to Toshiba.


National Grid would like to align their projects with NuGen's programme, so the Planning Inspectorate can analyze the consent application for the connection line knowing there is a huge necessity for it.


UK should invest in new infrastructure to substitute old coal and nuclear plants likely to close in the 2020s, but the country has struggled to build large projects, particularly nuclear, because of the costs involved.


EDF's 18 billion pound Hinkley Point C nuclear project in southwest England was approved in 2016 after several years of delay, but only after obtaining support from the French government guarantees.

UK could continue as associate member of Euratom after Brexit

14/07/2017 16:16:00

The UK is likely to remain in close association with Euratom, succeeding the events of Brexit, as claimed by Brexit secretary David Davis.


Global gas demand expected to ascend by 1.6% annually

14/07/2017 12:08:00

As reported by the International Energy Agency (IEA), global gas is predicted to rise 1.6% every year, for the next five years, with consumption rising to almost 4,000 billion cubic meters (bcm) by 2022.


Daily (14.07.2017): Oil prices rose 1.4% on Thursday as world oil demand is picking up

14/07/2017 11:26:00

Oil prices rose on Thursday on evidence that world oil demand is picking up, notably in the United States and China, the world's two biggest oil consumers. Growing demand is helping to drain a global fuel glut but the rebalancing of the oil market is taking longer than anticipated. Brent crude jumped by 1.42% settling at $48.42 a barrel, while the WTI price increased by 1.3% to $46.08 a barrel.