Bulgaria invites investment in Belene project

13/03/2019 10:01 Nuclear


Bulgaria's National Electricity Company (NEK) yesterday announced a call for selection of a strategic investor for the construction of Belene nuclear power plant on the Danube River near the Romanian border. The call also allows for expressions of interest to acquire a minority shareholding in the future project, as well as and/or to purchase electricity from the future power plant.

The history of the project dates back to 2005, when the Bulgarian government approved construction of the plant. The following year, NEK awarded Atomstroyexport (ASE), a subsidiary of Russia’s Rosatom, the contract to build two 1000 MWe reactors at Belene. The Bulgarian government scrapped the project in 2012 amid difficulties in attracting investors to the project.


The project was cancelled by parliament, but later talks took place with Rosatom about the possibility of installing one of the reactors at Bulgaria’s Kozloduy nuclear power plant and selling the second one to a third party. An alternative is the privately financed completion of Belene.


On 7 June 2018, the Bulgarian parliament voted to abolish the moratorium on the construction of the Belene power plant and the aim of the government now is to complete the project through funding by a strategic investor.

Source: world-nuclear-news.org

China-Russia East-Route natural gas pipeline finalized

17/10/2019 14:16:00

This week, construction of the northern section of the China-Russia East-Route natural gas pipeline was finalized in China's Jilin Province. The northern part of the project stretches from the city of Heihe in Heilongjiang Province to Changling County in Jilin Province, with a distance of 1,067 kilometers.


Australia's Woodside aims to hit go on $11 billion gas project in early 2020

17/10/2019 14:09:00

Woodside Petroleum Ltd has pushed out the final approval date for its mammoth Browse gas project but slightly brought forward plans to sign off on its smaller Scarborough project as it races to fill an anticipated global supply gap.


Daily (17.10.2019): NBP spot slumped by over 8% on Wednesday amid firmer Norwegian exports and lower gas-for-power demand

17/10/2019 11:38:00

Speculations about a potential extension of crude supply cuts by OPEC and its allies as of December led to a recovery in crude oil prices on Wednesday. The greenback’s slide coupled with short covering in anticipation of an industry report on U.S. crude inventories also contributed to the market rally. Still, concerns over tighter crude demand and expectations for higher crude stocks in the U.S. limited gains. Against that backdrop, Brent crude rose by 1.2% to 59.42 USD/bbl, while WTI futures advanced by 1% to 53.36 USD/bbl.