Toshiba Completes Sale of U.S. LNG Biz
The Japanese multinational Toshiba Corp said that it has completed the sale of its liquefied natural gas (LNG) operation in the United States to French oil giant Total SA, letting go of an asset it deems risky as it continues to restructure. Toshiba, which announced the deal in June, sold Toshiba America LNG Corp.
Freeport LNG Delays Start of Texas Export Terminal
Freeport LNG, a privately held U.S. liquefied natural gas company, said on Thursday it pushed back the projected start date for its $13 billion export terminal under construction in Texas by about nine months to around Sept. 1, 2019.Freeport LNG now expects the first liquefaction train to enter service around Sept.
Brookfield Business Partners to Buy Westinghouse for $4.6 bln
An affiliate of Canada's Brookfield Asset Management said on Thursday it would acquire Westinghouse Electric Co LLC, the bankrupt nuclear services company owned by Toshiba Corp, for $4.6 billion. Brookfield Business Partners LP and institutional partners will buy the Pittsburgh-based business using $1 billion of equity and $3 billion of long-term debt financing…
Toshiba's Westinghouse Files Chapter 11
Toshiba Corp's nuclear unit Westinghouse Electric Co filed for Chapter 11 bankruptcy protection in the Southern District of New York, a regulatory filing showed on Wednesday. The move comes as the firm faced billions in cost overruns and years-long delays at U.S. power projects. Reporting by Tim Kelly and Makiko Yamazaki
Toshiba chair ready to resign over Westinghouse writedowns
Toshiba Corp Chairman Shigenori Shiga is ready to step down to take responsibility for the huge writedowns looming over the Japanese group's U.S. nuclear power unit Westinghouse Electric Co LLC, the Nikkei business daily reported. Shiga was chairman of Westinghouse when the unit booked charges of $930 million in fiscal 2012 and $390 million in fiscal 2013…
Japan to Supply India with Nuclear Power Equipment, Technology
Japan and India signed a civilian nuclear accord on Friday, opening the door for Tokyo to supply New Delhi with fuel, equipment and technology for nuclear power production, as India looks to atomic energy to sustain its rapid economic growth. It was the first time Japan, the only country to have suffered a nuclear attack…
Engie Looking for Partners in Nugen UK Nuclear Project
French gas and power group Engie is looking for other partners to invest in the Nugen project to build nuclear reactors in Britain, Engie director Philippe Pradel said. Japan's Toshiba Corp and Engie are in the 60-40 percent Nugen joint venture to build three AP1000 reactors - designed by Toshiba unit Westinghouse in Britain - for the Moorside project…
EU to Seek Coal Funding Phase-out at OECD
European Union negotiators will push hard at OECD-sponsored talks next week for a robust deal to phase out subsidies that allow rich nations to export coal plant technology, EU sources said. The talks may be a final chance to end OECD export credits for coal, the most polluting of fossil fuels, before United Nations climate talks on a global deal to curb climate change…
EU Coal Subsidies Row Drags On
Issue 'an embarrassment' ahead of U.N. climate summit. Rich nations are stubbornly divided ahead of talks in Paris on Thursday to seek a deal to phase out coal subsidies in a foretaste of the difficulty of agreeing on action to curb global warming at a U.N. summit later this year. France, host of the U.N.
EU Eyes Compromise on Coal Debate
Further OECD talks in September, EU talks Wednesday; stronger EU position could have big role in advancing debate. EU bosses are pushing to resolve a clash between industry and environmental policy with a new strategy to phase out funding to export coal technology to developing nations, ahead of a meeting of leading economic powers on the issue.
Rich Nations in Stalemate over Coal Subsidy Phase-out
Further talks planned for September; no deal would be an embarrassment ahead of U.N. climate talks. Talks on phasing out a form of coal subsidies ended in stalemate as Japan, the biggest user of the aid, led calls for more time in defiance of this week's G7 pledge on fossil fuel subsidies, sources said.
OECD: Coal Export Subsidy Deal Elusive
OECD has sought deal to phase out subsidies for a year. Germany, Japan at forefront of opposition. The world's richest nations are unlikely to reach a deal to phase out subsidies for coal exports at talks in June, reducing the chances of a new global climate change agreement at a U.N. conference in Paris, officials and campaigners say.
Talks Continue Over Building Nuclear Reactor in Bulgaria
Westinghouse, part of Toshiba Corp, said on Thursday it had agreed with Bulgarian authorities to continue talks over the construction of a new nuclear reactor after a deadline for confirming the deal to build the unit expired. "Westinghouse Electric Company announced that, despite the expiring of the agreement for Unit 7 at Kozloduy Nuclear Plant…
Narendra Modi Eyes Breakthrough Nuclear Pact with Japan
India is hoping to win Japanese backing for a nuclear energy pact during a visit by Prime Minister Narendra Modi, and lure investment into its $85 billion market while addressing Japan's concern about doing business with a nuclear-armed country. India has been pushing for an agreement with Japan on the…
Southern Hopes to Build More US Nuclear Reactors
Southern Co, one of the biggest U.S. power companies, said it hopes to announce plans by the end of the year to build more nuclear power reactors, a spokesman said late Wednesday. That makes Southern the first company to pursue new reactors since the U.S. Environmental Protection Agency announced plans…
France to host airshow-style nuclear exhibition
France hopes to boost its nuclear industry with a biennial exhibition modeled on the Paris Air Show, although it does not expect reactor orders to pile up as fast as airplane contracts. To be held in the same Le Bourget venue as the airshow, the October 14-16 World Nuclear Exhibition (WNE) expects some 7…
Areva Says in Talks With EDF on Fuel Supply Guarantees
French power utility EDF is in talks with Areva about a deal to source at least 40 percent of its uranium fuel from the state-owned nuclear group, chief executive Luc Oursel said on Tuesday. In a hearing about nuclear costs at the French parliament, Oursel said that at the beginning of the 2000-2010 decade…
China Buying for $24b Nuclear Projects
Westinghouse in talks to sell eight AP1000 Reactors; Nuclear plants, with machinery and services, may cost $24 billion. China may sign as early as next year the first of several contracts for eight new nuclear reactors from Westinghouse Electric Co, as the government presses ahead with the world's biggest…
