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Petronas to spend $5 billion on Canadian LNG project -executive

Thomson ReutersJune 11, 2013 05:31

KUALA LUMPUR (Reuters) - Malaysian state oil and gas firm Petronas expects to spend $5 billion on a project in west Canada to export liquefied natural gas (LNG), a senior company official said on Tuesday. The project, known as Pacific NorthWest LNG, will build two LNG trains of 6 million tonnes per year (tpy) each by the end of 2018 or 2019, Arif Mahmood, vice president of corporate planning at Petronas told an industry conference.

Japan's first lady says she is 'anti-nuclear'

Agence France-PresseJune 11, 2013 02:32

The wife of Japan's pro-business Prime Minister Shinzo Abe does not like nuclear power and would rather her husband's government did not try to export it, she said in a speech. In comments that appear to run against the grain of government thinking, which is increasingly moving towards switching mothballed reactors back on, Akie Abe said Japan should press on instead with renewables.

Park slams previous administrations over ex-president's unpaid fines

Yonhap News AgencyJune 11, 2013 01:35

SEOUL, June 11 (Yonhap) -- President Park Geun-hye criticized previous administrations in an unusually strong tone Tuesday for turning a blind eye to vexing, longstanding issues, such as nuclear industry corruption and unpaid fines owed by former President Chun Doo-hwan.

Bruce Power inks nuclear plant inspection technology deal with MDA

The Canadian PressJune 10, 2013 19:32

RICHMOND, B.C. - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) has inked a $2.2-million deal with Ontario-based Bruce Power to help develop nuclear plant inspection and maintenance technologies. The nuclear operator is currently in the design phase of building the Bruce Reactor Inspection and Maintenance System. The purpose of the system is to reduce the duration of nuclear reactor outages by improving the inspection and maintenance technologies. The environments where these technologies are used can only be accessed by robotics.

Canada to make nuclear operators pay more for accidents

Thomson ReutersJune 10, 2013 17:36

By Peter N Henderson TORONTO (Reuters) - Canada will make operators of nuclear power plants liable for the first C$1 billion ($980 million) of damages in the event of an accident, up from C$75 million under existing rules, Natural Resources Minister Joe Oliver said on Monday. Oliver also told a nuclear conference that Canada's Conservative government intends to increase the period during which compensation claims can be made after a disaster to 30 years from 10 years.

Iran's Bushehr nuclear plant had generator problem: envoy

Thomson ReutersJune 10, 2013 17:33

MOSCOW (Reuters) - Iran's Russian-built nuclear power plant has experienced technical problems with its generator and experts are working to resolve the issue, Tehran's envoy to Moscow said on Monday. Ambassador Mahmoud Reza Sajjadi said there was "absolutely no link" between this problem at the Bushehr plant - which was shut down when U.N. nuclear inspectors went there in mid-May - and a powerful earthquake that shook the region two months ago.

Federal government will raise nuclear liability cap to $1B from $75M

The Canadian PressJune 10, 2013 12:34

TORONTO - Nuclear operators will face a liability ceiling of $1 billion, up from the current $75 million that has stood for four decades, under proposed new federal legislation. The change is expected next fall when Parliament resumes following the summer break, Natural Resources Minister Joe Oliver told a major nuclear conference on Monday. The legislation will also broaden the number of categories for which civil damages compensation may be sought and improve the procedures for delivering it, he said.

Federal government will raise nuclear liability cap to $1B from $75M

The Canadian PressJune 10, 2013 12:34

TORONTO - The federal government will raise the liability ceiling for nuclear operators to $1 billion, from the present limit of $75 million. The legislation, to be introduced in the fall, will update the four-decade-old limit for civil damages in the event of a nuclear accident, Natural Resources Minister Joe Oliver told a major nuclear conference today. He said the legislation will also broaden the number of categories for which compensation may be sought and improve the procedures for delivering it.

Shale fields add 47% to global gas reserves

Agence France-PresseJune 10, 2013 12:32

Shale-based resources increase the world's total potential oil reserves by 11 percent and natural gas by 47 percent, according to a US report released Monday. In an initial assessment of shale oil resources and an update of shale gas reserves, the US Energy Information Agency said shale deposits could add 345 billion barrels of oil to global reserves, increasing the total to 3,357 billion barrels. Shale gas adds 7,299 trillion cubic feet of natural gas, or 32 percent of the world total, the EIA report estimated.

World set to exceed global warming limit - IEA

Agence France-PresseJune 10, 2013 12:30

Global temperatures are on track to rise by more than double the two-degree Celsius (3.6-degree Fahrenheit) warming goal set by the UN unless urgent measures are taken, the International Energy Agency warned Monday. "The path we are currently on is more likely to result in a temperature increase of between 3.6 and 5.3 C (6.5-9.5F)," IEA chief Maria van der Hoeven said in presenting a new report on greenhouse gases. The Paris-based agency urged governments to act, saying the 2C target could still be met with little economic pain.