Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Forrest Crellin"

25 mentions found

To meet that goal, electricity is needed both to power the electric vehicles (EVs) and the battery plants automakers need to produce them. Over the decade to 2035, RTE projects an average of 350 TWh of nuclear power availability per year. Nuclear energy has typically supplied around 70% of France's supply and will remain dominant, but renewable supplies will also increase. New onshore wind and solar power are expected to dominate renewable growth until 2030. Offshore wind power is expected to overtake as the leading source of growth between 2030 and 2035.
Persons: Forrest Crellin, Barbara Lewis Organizations: RTE, European Union, Thomson Locations: France, Europe, Ukraine
Prior to Russia's invasion of Ukraine in February last year, Ukraine ran its nuclear reactors on Russian fuel, producing 55% of the country's electricity. Cameco, like Energoatom, can adjust how much uranium it delivers on two years' notice, Kotin said. Contracted uranium prices are typically higher than spot prices, meaning that Cameco may take a discount if Ukraine purchases less uranium due to the war's impact, Carter said. Kotin said Energoatom will buy Cameco's uranium at a price based equally on a fixed price and a market price. BIG POTENTIAL REWARDSWhile Ukraine will rely on Cameco for uranium, it has struck separate deals for further processing.
Here is a list of areas where the EU keeps on doing business with Russia. TRADE FLOWSIn 2021, Russia was the EU's fifth-largest trading partner with goods exchange worth 258 billion euros, according to the EU executive European Commission. Since the invasion in 2022, the value of EU imports from Russia fell by a half to around 10 billion euros last December. Gas is not covered by EU sanctions, but Moscow slashed pipeline deliveries to Europe since the invasion. The EU imported 2.1 billion euros worth of nickel in 2021, up to 3.2 billion euros last year, according to Eurostat.
French pension protest blocks entry to Louvre museum
  + stars: | 2023-03-27 | by ( )   time to read: +2 min
[1/4] French police look on as protesters holding French CGT labour union flags in front of the glass Pyramid block the entrance of the Louvre museum to protest against the French government's pension reform, in Paris, France, March 27, 2023. REUTERS/Marco TrujilloPARIS, March 27 (Reuters) - Trade union protesters angered by President Emmanuel Macron's move to raise the French retirement age without a final vote in parliament blocked the Louvre museum in Paris on Monday, frustrating crowds of visitors. Demonstrating peacefully against plans to make most French work an extra two years to 64 to balance the pension budget, a small number of protesters gathered at the foot of the Louvre's glass pyramid. The protest came one day ahead of a 10th round of nationwide strikes and street marches and followed violence in cities across France over the pension system changes. Separately, Paris police said they were carrying out an operation to prevent unauthorised gatherings in front of the Centre Pomopidou, another landmark museum in Paris.
REUTERS/Dado Ruvic/Illustration/File PhotoPARIS, March 24 (Reuters) - Strikes in France are impacting maintenance plans at EDF's (EDF.PA) nuclear plants, curbing production just as the utility hoped to rebound from a 34-year output low last year. At least 14 nuclear reactors in EDF's fleet of 56 have suffered some delay affecting their maintenance plans, data from the CGT union showed. For EDF that has meant nuclear power output in 2023 even lower than last year when it had swathes of reactors offline for repairs and checks for stress corrosion cracks. EDF declined to comment on the impact of the strikes on its maintenance plans. French nuclear safety watchdog ASN requested EDF revise its maintenance program due to new cracks discovered this month in some reactors.
REUTERS/Eric GaillardPARIS, March 20 (Reuters) - Shipments of refined products from French refinery and depots were blocked on Monday by a 13th day of strike action, though some refineries operated with a reduced flow. The cost of keeping LR2 vessels floating outside ports is leading many traders to avoid shipments into France, traders said. Strikes also continued through the weekend and into Monday at ExxonMobil (XOM.N) subsidiary Esso's Fos refinery, blocking deliveries, CGT union representative Germinal Lancelin said. At French liquefied natural gas (LNG) terminals, the strike was extended until March 27 at the three terminals operated by Engie (ENGIE.PA) subsidiary Elengy, a union representative said. Another vote will be held later this week, possibly on Wednesday, on whether to take further strike action, the representative added.
PARIS, March 18 (Reuters) - Some 37% of operational staff at TotalEnergies' (TTEF.PA) refineries and depots were on strike on Saturday amid persisting protests in France against the government's move to raise the retirement age by two years to 64. French fuel supplies could be put at risk again next week following union calls to extend 10 days of strike action at refineries. The Donges refinery in the west has been offline due to a technical problem with an electricity transformer, he said. At the company's Normandy site in the north, operations and production at a large number of units were normal. At oil major ExxonMobil's (XOM.N) Esso-branded Port Jerome-Gravenchon refinery in Normandy, fuel deliveries were halted for at least 24 hours, a representative of the hardline CGT labour union said.
Operations were normal at the company's Normandy site in the north, while the Feyzin refinery in the southeast was operating almost normally, the person added. A union official said earlier that the Normandy refinery would be stopped this weekend. At oil major ExxonMobil's (XOM.N) Esso-branded Port Jerome refinery in Normandy, workers have been called to strike from Saturday at 2 p.m. (1300 GMT), a CGT union official said. It was unclear whether Esso's Fos-sur-Mer refinery in the south would be similarly affected. Reporting by Benjamin Mallet, Forrest Crellin and America Hernandez; Editing by Jan Harvey and Mark PotterOur Standards: The Thomson Reuters Trust Principles.
[1/11] Protesters take part in a demonstration against the French government's pension reform plan, as part of the eighth day of national strike and protests, in Ancenis-Saint-Gereon, France, March 15, 2023. The pension bill passed to a joint parliamentary committee on Wednesday where lawmakers from the lower and upper chambers are seeking a compromise text. If a deal is reached, a final vote in both the Senate and National Assembly will be held on Thursday. This new day of protests "is meant to tell lawmakers: don't vote this reform," he said. "In the National Assembly, there will not be an easy vote, nor will there be panic," government spokesman Olivier Veran told Europe 1 radio station.
French refinery strikes renewed for sixth day
  + stars: | 2023-03-13 | by ( )   time to read: +1 min
PARIS, March 13 (Reuters) - Strikes blocking fuel deliveries from French refineries continued for a sixth day on Monday, after the Senate voted over the weekend to adopt President Emmanuel Macron's unpopular pension reform plan. TotalEnergies' refineries and depots remained blocked, with 41% of the operators on the morning shift joining the strike, a company spokesperson said. ExxonMobil's (XOM.N) subsidiary Esso's Fos refinery in France was also blocked, a CGT union spokesperson said. There was no strike at the Port Jerome site, but that could resume on Wednesday, the union spokesperson said. The Senate voted on Saturday to adopt Macron's pension reform plan, which among other measures raises the retirement age by two years to 64.
Macron seeks French pension reform support as strikes run on
  + stars: | 2023-03-13 | by ( )   time to read: +3 min
PARIS, March 13 (Reuters) - Strikes blocking fuel deliveries from French refineries ran into a sixth day on Monday, piling further pressure on President Emmanuel Macron as he races to shore up support for unpopular pension reforms in a final parliamentary vote. The last and crucial moment would then be a final vote, Thursday, both in the Senate and in the National Assembly. [1/3] A view shows the French oil giant TotalEnergies refinery in Donges near Saint-Nazaire, France, March 10, 2023. REUTERS/Stephane Mahe 1 2 3Macron's party needs the support of Les Republicains in the National Assembly to ensure the bill is approved. Veran also echoed Prime Minister Elisabeth Borne, who has said she preferred a vote rather than using the 49:3 procedure, which refers to the related article in the French constitution.
PARIS, March 12 (Reuters) - TotalEnergies (TTEF.PA) said on Sunday the rolling strike over the government's planned pension reform continued for the sixth day running at its French refineries and depots, an company spokesperson told Reuters. The French Senate on Saturday night passed President Emmanuel Macron's unpopular plan, an important step in it becoming law, shortly after a seventh day of demonstrations that were not as large as authorities had expected. Reporting by Forrest Crellin; Editing by Benoit Van OverstraetenOur Standards: The Thomson Reuters Trust Principles.
PARIS, March 11 (Reuters) - France faced a seventh day of demonstrations on Saturday against President Emmanuel Macron's unpopular pension reform plans amid ongoing rolling strikes which have affected refineries, public transport and garbage collections. Demonstrations started at 10 a.m (0900 GMT) in the streets of major cities including Toulouse and Nice. Opinion polls show a majority of voters oppose Macron's plan, while a slim majority supports the strike actions. An additional day of nationwide strikes and protests is planned for March 15. Reporting by Tangi Salaun, Forrest Crellin and Benoit Van Overstraeten; Editing by Mike HarrisonOur Standards: The Thomson Reuters Trust Principles.
[1/6] People walk in a street where garbage cans are overflowing, as garbage has not been collected, in Paris, France March 10, 2023. REUTERS/Benoit TessierPARIS, March 10 (Reuters) - Garbage piled up in Paris streets and fuel deliveries were blocked from refineries as workers continued rolling strikes against pension reform but President Emmanuel Macron refused to meet with unions and said the reform must go ahead. But the hardline CGT union at TotalEnergies' Donges refinery said the strike would continue at least until Thursday and garbage collector unions had set no date for a resumption of services. According to an interior ministry note cited by French TV BFM, police expect that 800,000 to one million people will demonstrate. Fuel deliveries were also disrupted at the Fos refinery, operated by ExxonMobil (XOM.N) subsidiary Esso, a CGT spokesperson said.
On Tuesday, a nationwide day of industrial action brought record numbers of people onto the streets against the policy change. But Olivier Gantois, the head of the French Association of Petroleum Industry (UFIP), said there was little impact on consumers for now. The logo of French oil and gas company TotalEnergies is seen at TotalEnergies fuel depot in Mardyck, near Dunkerque, as France faces the sixth nationwide day of strike and protests against French government's pension reform plan, France, March 7, 2023. REUTERS/Pascal RossignolThe four French LNG terminals and all of the gas storage facilities also remained blocked, FNME-CGT representative Fabrice Coudour said. The next nationwide day of strikes and protests is set for Saturday.
MADRID/PARIS/STOCKHOLM, March 2 (Reuters) - France and Spain are poised to announce a breakthrough this week in a long-running impasse over hefty costs of what would be their first undersea electricity link, a minister and sources in both countries told Reuters. That was due to unforeseen seabed instability on the French side that required costly re-routing, and rising costs of raw materials. Spain is a growing producer of renewable energy that it exports to France and it wants its neighbour to pay most of the extra costs. That had led to disagreement amid wider tensions between them about pipeline connections and protectionism. Spanish sources said the go-ahead would likely mean that France, whose nuclear power industry has been beset by problems, finally agreed to pay more.
PARIS, Feb 24 (Reuters) - A new investment fund with 87.5 million euros ($92.63 million) will finance solar power production across Africa, with a focus on West and Central Africa, French fund manager RGREEN INVEST and investment adviser ECHOSYS INVEST said on Friday. The AFRIGREEEN Debt Impact Fund's first closing will finance on- and off-grid solar power plants for small- and medium-sized commercial and industrial consumers across the continent, the statement said. The groups are looking to have a portfolio of twenty to thirty investments, with aim of meeting long-term debt financing needs of between 10 and 15 million euros, with an average of around 5 million euros over eight to ten years, the statement said. RGREEN INVEST and ECHOSYS INVEST said that the first closing included commitments from the European Investment Bank (EIB) and the International Finance Corporation (IFC). The group is aiming to raise a total of 100 million euros from development finance institutions and private investors.
PARIS, Feb 21 (Reuters) - Falling gas prices over recent weeks have paired with rising coal and carbon costs to make European power generation from gas-fired power plants more economical, marking a trend reversal since coal took over as the cheaper fuel source last year. The clean-dark and clean-spark spreads are the prices paid for the operation of a coal- or gas-fired power plant respectively, when adjusted for mandatory carbon emissions permits and fuel purchases. However, the gas price would need to fall a bit more to replace more efficient coal plants, she added. Germany and other European countries relied heavily on both coal and gas power during the energy crisis last year, with coal's share of the power generation mix rebounding after mostly falling over the previous decade. The Dutch benchmark wholesale gas contract slipped to a new 17-month low on healthy supply earlier, while European carbon allowances (EUA) reached a record high over 100 euros per tonne.
"The good news is that renewables and nuclear power are growing quickly enough to meet almost all this additional appetite, suggesting we are close to a tipping point for power sector emissions," IEA director Faith Birol said. The share of wind and solar in the power generation mix is seen rising to 35% in 2025 from 29% in 2022. The largest gains in renewable power expected in the Asia Pacific region, with an 11.6% yearly average growth rate, followed by Europe with a 9.4% yearly growth rate, and the Americas, with a 5% growth rate average per year. The IEA's forecast for renewable growth globally from 2022 to 2025Asia also dominates demand growth, with more than 70% expected from China, India and south-east Asia, although trends in China are uncertain, the report said. Production from gas-fired power plants in Europe is forecast to fall, but significant growth in gas-fired production in the Middle East is likely to limit the decrease, the report said.
French power supply reduced due to strike
  + stars: | 2023-02-07 | by ( )   time to read: 1 min
PARIS, Feb 7 (Reuters) - French power supply has been reduced by 3.7 gigawatts as production at two nuclear reactors and several thermal plants was lowered due to a strike over planned pension reforms, data from power utility EDF (EDF.PA) showed on Tuesday. The hydraulic power sector of EDF also posted a strike notice for Thursday midday hours. Reporting by Forrest Crellin; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.
[1/6] French energy workers on strike gather with dockers near tyres set on fire as they protest against French government's pension reform plan, in the port of Saint-Nazaire, France, January 26, 2023. An Elabe poll for BFM showed 72% of the French are against the pension reform. "Oil workers are against this (pension) reform but they don't want to be on the front line," said a CGT union representative for Exxonmobil. A spokesperson for Esso, whose two French refinery sites are run by ExxonMobil (XOM.N), said only truck loading operations were suspended at Fos, with everything else operating normally. A union representative added that production at the Port Jerome site was slightly impacted.
Strike reduces French power supply, halts refinery shipments
  + stars: | 2023-01-19 | by ( )   time to read: +2 min
EDF's (EDF.PA) outage table showed a 4.5 GW nuclear supply reduction at eight reactors, 460 megawatts (MW) of reduced hydropower and 2.8 GW of lower thermal production. This is how strikes work in France : strikers are not allowed to put security of supply at risk," analyst Emeric de Vigan said. Meanwhile, deliveries of refined oil products were blocked from leaving refineries operated by TotalEnergies , the company said. There would be no disruption to fuel supplies at service stations if the unions maintained their strike timetable, TotalEnergies has said. The CGT refineries federation has called for a single day of strike this week and further walkouts next week and the week after.
"We don't stop the refineries for one day", Pouyanne said, "we put them at a minimum which keeps them functioning", adding "strikers can decide to block shipments which can prevent the trucks from rolling." Operations at refineries could only be disrupted if the strike lasts several days, he said. A union representative earlier said no oil will be shipped from the TotalEnergies' refinery in Dunkirk, northern France, on Thursday. "We have plans in place to maximize our fuels supply to mitigate any potential impacts on our customers," a spokesperson from Esso said. Reporting by Forrest Crellin, editing by Tassilo Hummel and Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.
[1/2] Protestors and French CGT labour union workers attend a demonstration as part of a nationwide day of strike and protests to push for government measures to address inflation, workers' rights and pension reforms, in Paris, France, September 29, 2022. REUTERS/Gonzalo FuentesPARIS, Jan 12 (Reuters) - France's CGT trade union on Thursday called for strikes in the refinery sector against plans to make people work longer before they can retire and Paris metro unions said they would do "everything they can" to stop the pension reform. The French will have to work two years longer, to age 64, before retiring, if the reform, announced by Prime Minister Elisabeth Borne on Tuesday, is adopted by parliament. They will also need to work longer to get a full pension. "There is a right to strike, there is a right to demonstrate, but I think it is also important not to penalise the French," she said.
Companies Electricite de France SA FollowPARIS, Dec 20 (Reuters) - The risk to French power supply from the start of January through the rest of winter has been reduced to 'medium' because of higher nuclear and hydropower availability as well as reduced demand from consumers, French grid operator RTE said on Tuesday. Nuclear power utility EDF (EDF.PA) has faced an unprecedented number of reactor outages this year owing to delayed maintenance and stress corrosion, reducing nuclear output to 30-year lows just as Russia's war in Ukraine hit Europe's energy supplies. Nuclear power availability topped 40 GW on Dec. 12, lifting supply to the top of the expected availability range, RTE said. The filling level of French gas stocks has dropped to about 85% after beginning the winter near full, which is higher than previous years, RTE said. There is no concern for the first part of winter thanks to high gas supply across the continent, but vigilance will be needed for the second half of winter and especially winter 2023-24, RTE added.
Total: 25