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.

Britain’s Grain LNG terminal sets European record for gas exports

18/11/2019 08:46:00

Britain’s Grain liquefied natural gas (LNG) terminal exported the highest ever daily amount of gas from a European terminal to the UK grid this week.


Daily (15.11.2019): The German spot power contract lost 16.4% on Thursday, amidst a sharp rise in wind output

15/11/2019 11:07:00

A build in U.S. crude inventories and higher oil production reported for this week put pressure on crude oil prices on Thursday. However, OPEC’s potential deepening of supply cuts later this year limited losses. Hence, Brent crude fell by 0.1% to $62.28 a barrel, while WTI futures dropped by 0.6% to $56.77 a barrel.


Gazprom Export supplies 1st LPG from Russia to China by rail

15/11/2019 09:28:00

Gazprom Export has for the 1st time supplied liquefied petroleum gas by rail from Russian Federation to the People’s Republic of China. This was done as part of the preparations for exports from the Amur gas processing plant, which is under construction at the moment.