Nuclear

Europe’s Sustainable Label for Natural Gas, Nuclear Under Fire

Europe’s Sustainable Label for Natural Gas, Nuclear Under Fire

More than a dozen non-governmental (NGO) and environmental organizations are challenging the European Union’s (EU) decision to label natural gas and nuclear as sustainable investments under a law adopted in July. The EU taxonomy under the Climate Delegated Act (CDA)  is a classification system established to clarify which investments are considered sustainable. The groups opposing…

September 26, 2022
South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

South Korea Aiming to Boost Nuclear Output Amid Tight Global Energy Markets

Despite South Korea’s plan to boost the use of nuclear energy in the country’s power generation mix by 2030, LNG will continue to play an important role in the government’s new energy strategy.  President Yoon Suk-yeol was elected in March and is a strong supporter of nuclear energy. He plans to reduce the country’s dependence…

September 20, 2022
California’s Last Nuclear Plant, Diablo Canyon, Gaining Longer Life – with Newsom’s Blessing

California’s Last Nuclear Plant, Diablo Canyon, Gaining Longer Life – with Newsom’s Blessing

California’s final legislative session finished late Wednesday, passing to Gov. Gavin Newsom a bill to give the state’s last nuclear plant, Diablo Canyon Power Plant (DCPP), a new lease on life by extending the retirement date by several years.  Newsom said late Wednesday the DCPP’s continued operations were “critical” in “making sure we have energy…

September 1, 2022
Japan Looks to Restart Nukes to End Russian LNG Reliance

Japan Looks to Restart Nukes to End Russian LNG Reliance

Japan expects to reduce its reliance on Russian liquefied natural gas (LNG) imports, but it’s unlikely to happen quickly, officials said. The Group of Seven (G-7), an inter-governmental political forum, has been considering ways to punish Russia following its invasion of Ukraine. The G-7 consists of Canada, France, Germany, Italy, Japan, the UK and the…

June 3, 2022
France Counting on Nuclear Power to Help Replace Natural Gas, Other Fossil Fuels

France Counting on Nuclear Power to Help Replace Natural Gas, Other Fossil Fuels

France plans to build at least six nuclear reactors, and possibly another eight, under the latest national low carbon strategy unveiled by President Emmanuel Macron earlier this month. The strategy is designed to eventually replace fossil fuels like natural gas with nuclear and renewables to achieve the country’s 2050 net zero target.  Six European Pressurized…

February 23, 2022
Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

Fault Lines Emerging in EU Plan to Label Natural Gas, Nuclear as Green Investments

New natural gas and nuclear energy projects could be classified as “green” investments to help the European Union (EU) reach its net-zero emissions target by 2050, according to a draft proposal by the European Commission (EC) published this month. Regulations proposed under the EC’s taxonomy draft, part of a set of policy initiatives called the…

January 10, 2022
Exelon Pouring $300M into Nuclear Upgrades as Illinois Targets 100% Clean Energy by 2050

Exelon Pouring $300M into Nuclear Upgrades as Illinois Targets 100% Clean Energy by 2050

Exelon Generation plans to invest more than $300 million in capital projects to upgrade its nuclear power plants in Illinois as a result of sweeping clean energy legislation passed last month. Gov. J.B. Pritzker in mid-September signed Senate Bill (SB) 2408 to put Illinois on a path toward 100% renewable energy by 2050. The bill…

October 12, 2021
Natural Gas to Prove Far More Resilient than Coal Amid Energy Transition, Raymond James Says

Natural Gas to Prove Far More Resilient than Coal Amid Energy Transition, Raymond James Says

Demand for natural gas is likely to prove strong for several more years, and the fuel should maintain its market share in the electricity mix despite a transition to renewable sources of power such as wind and solar, Raymond James & Associates Inc. analysts said. “We believe that gas-fired generation has room to grow on…

August 9, 2021

Another Carbon-Neutral LNG Deal Signed in Asia — The Offtake

A roundup of news and commentary from NGI’s LNG Insight Japan’s Mitsui & Co. Ltd. has agreed for the first time to supply gas utility Hokkaido Gas Co. Ltd. with carbon-neutral LNG. The 64,000 million metric ton cargo is set to arrive later this month. The shipment will be offset with emissions credits and delivered…

March 8, 2021
Natural Gas-Fired Generation Increased Even as Covid-19 Hammered Demand

Natural Gas-Fired Generation Increased Even as Covid-19 Hammered Demand

Even amid lower overall electricity consumption due to Covid-19 mitigation efforts, natural gas-fired power generation grew 55,000 GWh year/year through the first half of 2020, according to the Energy Information Administration (EIA). Comparing the first six months of 2019 to the first six months of 2020, natural gas was the fastest growing source of electric…

August 13, 2020
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