Last updateThu, 15 Nov 2018 4pm


Nuclear Power Industry Struggling Worldwide

Nuclear power’s electricity generating capacity risks shrinking in the coming decades as ageing reactors are retired and the industry struggles with reduced competitiveness, according to a new IAEA report.

Overall, the new projections suggest that nuclear power may struggle to maintain its current place in the world’s energy mix. In the low case to 2030, the projections show nuclear electricity generating capacity falling by more than 10% from a net installed capacity of 392 gigawatts (electrical) (GW(e)) at the end of 2017. In the high case, generating capacity increases 30% to 511 GW(e), a drop of 45 GW(e) from last year’s projection. Longer term, generating capacity declines to 2040 in the low case before rebounding to 2030 levels by mid-century, when nuclear is seen providing 2.8% of global generating capacity compared with 5.7% today. 

Funding for Oil, Gas E&P Activities at a Crossroads

“If the oil and gas sector is to meet the growing demand for oil and gas, significant investment will be required over the next five to 10 years,” E&P reports.

One of the key issues, according to Philip Lambert of Lambert Energy Advisory, “is a U.S. foreign policy that is trying to starve large sections of the oil and gas industry of capital provision, Iran being the most obvious followed by Russia, he said.” The other, he says, is “capital bottleneck from oil and gas investors.”  

ACC: Tariffs on Chemicals, Plastics Threaten Economy

Punitive measures imposed on China as a result of the U.S. Section 301 investigation have incited retaliatory tariffs on $11 billion in U.S. chemicals and plastics exports and put nearly 55,000 American jobs and $18 billion in domestic activity at risk as a result of reduced demand for those products, according to new economic report published by the American Chemistry Council (ACC). The release of the new data coincides with ACC’s filing of public comments on U.S. ‘List 3’. Losses to U.S. chemical and plastics exports could reach as high as $6.1 billion annually under a worst-case scenario, according to ACC. 

Permian Gulf Coast Pipeline Construction to Proceed

Energy Transfer Partners, Magellan Midstream Partners and others have received sufficient commitments to proceed with plans to construct a new 30-inch diameter common carrier pipeline to transport crude oil from the Permian Basin to the Texas Gulf Coast region, with the ability to increase the pipe diameter to expand the capacity based upon additional commitments received during the upcoming open season.

The 600-mile Permian Gulf Coast Pipeline system is expected to be operational in mid-2020 with multiple Texas origins, including Wink, Crane and Midland. The pipeline system will have the strategic capability to transport crude oil to both Energy Transfer’s Nederland, TX terminal and Magellan’s East Houston terminal for ultimate delivery through their respective distribution systems. 

Trade Dispute Threatens New LNG Terminals

“The trade war between the United States and China is placing at risk the multibillion-dollar construction market for new liquefied natural gas terminals around the U.S.,” Engineering News-Record  reports.

“If left unresolved, the trade war could imperil the construction of 20 LNG projects in the United States that have been approved or proposed but are not yet under construction. At present, five export terminals are under construction.” 

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