China Added 34 GW of Nuclear in a Decade
China's Gasoline Consumption Could Plunge 5.5% in 2026 as Oil Prices Surge U.S.
intelligence reportedly believes Iran… Haley Zaremba is a writer and journalist based in Mexico City.
She has extensive experience writing and editing environmental features, travel pieces, local news in the… China and the United States are facing off for nuclear energy dominance on the world stage.
The United States has the world’s largest nuclear energy production capacity, but China has the fastest-growing nuclear fleet.
China’s15th Five-Year Plan(15FYP), released back in March, sets out a bold nuclear power strategy for Beijing, aiming to continue to build the nation’s own nuclear fleet while also intensifying China’s presence in international nuclear energy markets,particularly in emerging economies.
Meanwhile, in the United States, the Trump administration is also rushing to loosen regulations on nuclear power development in order to revive the nation’s aging and slowing nuclear power sector.
While the United States has addedjust one nuclear plantin the last decade, China added a staggering 34 gigawatts of capacity over the same time period.
As a result, China isset to overtakethe United States (and France) to become the world’s single biggest producer of nuclear energy within the next ten years based on current projections.
Beijing’s latest five year plan shows that China has no intentions of slowing down.
“With innovation and security as its leading themes, the latest FYP illuminates how nuclear energy underpins multiple strategic priorities for China in the context of not only energy security but also technological innovation and global engagement,” the Center for Strategic and International Studies (CSIS), a nonprofit policy research organization and bipartisan think tank recentlyreported.
SetOilPrice.comas a preferred source in Googlehere.
The CSIS summarizes China’s recently unveiled nuclear power strategy for the years 2026 through 2030 and compares the rhetoric around nuclear power to previous five year plans.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
Price alerts · Industry news
Comments
Post a Comment