Britain’s Nuclear Future Threatened By Espionage And The Brexit

The drama of Britain’s stalled nuclear facility at Hinkley Point C grew more Shakesperean this week, with the Chinese firm involved in its construction now under investigation in the United States for espionage.

It was announced on August 11 that the Chinese CGN firm and engineering advisor Szuhsiung Ho have been indicted on charges of industrial espionage in the United States. The charges relate to alleged attempts to steal nuclear secrets to aid the Chinese nuclear energy program. Continue reading

Chinese President Xi Jinping Seals Multi-Billion Dollar Nuclear Power Deal With Britain

As Australia allows for China to take over a strategic military port, Great Britain allows for its nuclear power infrastructure to be compromised.

 

In the first major Chinese investment in a Western nuclear facility, China’s General Nuclear Corporation (CGN) will take a one-third stake in the planned 18 billion-pound ($28 billion) Hinkley Point nuclear plant controlled by France’s EDF.

State-owned CGN will also take a two-thirds stake in the Bradwell nuclear plant east of London, where it plans to build a Chinese-designed reactor, and a one-fifth stake in a project for Areva designed reactors at the Sizewell plant.

“We will build a global, comprehensive strategic partnership between our countries in the 21st century and jointly open up a golden era,” Xi told reporters via a translator, adding that the nuclear deal was a flagship investment. Continue reading

Italy looks at Mediterranean for alternatives to Russian gas

Italy could increase gas imports from Algeria, Libya and the Netherlands to counter any disruption of supplies from Russia, Deputy Industry Minister Claudio De Vincenti said on Monday as G7 energy ministers gathered in Rome.

“We are capable of rapidly increasing imports from the supplier countries … Libya, Algeria and the Netherlands,” De Vincenti told Reuters.

Italy, which generates more than 40% of its electricity from gas, is increasingly dependent on Russian gas as Algerian imports decline and Libyan supplies are limited by growing unrest in the country. Continue reading

Putin launches construction of key South Stream pipeline

President Vladimir Putin yesetrday launched construction of the long-awaited South Stream pipeline that the Kremlin hopes will pump Russia’s gas to Europe while avoiding its unpredictable neighbour Ukraine

The pipeline will flow underneath the Black Sea and through the Balkans to supply energy giant Gazprom’s big European clients with Russian gas and ensure the security of its energy exports. Continue reading