A new study released by the World Energy Council says lower oil prices and weakened Asian demand has resulted in the virtual disappearance of the price spread between the Japanese LNG and UK markets in 2016. Additionally, it notes that US prices remain depressed due to the continued build-up of domestic supplies.
Ali Akbar Salehi, Head of the Atomic Energy Organisation of Iran ( AEOI ), said that Iran will begin construction of two new nuclear power plants in Bushehr.
EDF has postponed giving final approval to construction of the £18 billion nuclear power plant planned for Hinkley Point C.
The UK faces a 40-55 per cent electricity supply gap if the UK Government implements its plans to close all coal-fired power stations and retire aging nuclear power stations by 2025, according to a report from the Institution of Mechanical Engineers (IME).