General Information

Situation in the World Nuclear Energy Industry

In 2011, despite a series of cancelled deliveries of uranium production under the contracts with Japanese customers and a reduction in option orders by other contractors, JSC "TECHSNABEXPORT" retained the position of the leading provider of uranium enrichment services for the reactors of western design.

Fukushima accident had a negative impact on the market environment in 2011

The scale and the pace of development of the world nuclear energy industry remain the key factors in shaping the global market for uranium products. In this context the aftermath of the Fukushima NPP accident will definitely have a profound influence on the shaping of the new image of the world nuclear industry and the technical characteristics of the new generation reactors within the next 5-10 years.

In the short-term perspective (one to three years) the national regulatory bodies and the companies that operate NPPs will introduce a range of measures in order to eliminate certain "non-conformities" detected after the stress tests carried out after the accident in Japan.

Despite the fact that in 2011 a number of countries decided to abandon the implementation of previously approved programmes of developing nuclear energy or reduce the share of nuclear energy in the national energy basket, the majority of countries decided to continue developing nuclear energy and systematically improve the international safety standards. Among these are the countries that have already been operating nuclear power plants for long periods of time, as well as the countries that don't yet have NPPs but that realise the lack of alternatives to nuclear energy in the situation where the energy demand is steadily rising, the access to the traditional energy resources is becoming limited and the necessity to tackle environmental problems becomes more urgent.

The fact that these issues are shaping the energy situation in the world – rising population and rising demand for energy, environmental concerns and the dangers of global climate change – remains unchanged and determines an objective need for further development of the world nuclear energy industry and ensuring its safety. This is all the more important amid the competition with the traditional sources of energy (mostly gas), an exponential growth of the alternative energy and extended use of new types of hydrocarbons in certain parts of the world.

613.6

GW
forecast of the total capacity of the world NPPs by 2030


The Global Nuclear Fuel Market Report, published by the World Nuclear Association in September 2011, contains a baseline forecast of the nuclear energy industry development. According to this forecast the total capacity of the world NPPs will increase from 364.4 GW in 2011 to 613.6 GW by 2030. The average annual growth rate of reactor demand for uranium enrichment services during this period will equal 3.2%.

3.2%


forecast of the average annual growth rate of demand for uranium enrichment services during 2011-2030

The increase in the number of NPPs across the world will be achieved through the development the nuclear energy industry predominantly in the Asian region: China (having the highest number of NPPs are under construction at the moment), the United Arab Emirates, Saudi Arabia, Jordan, India, some European countries (the United Kingdom, Finland, Sweden, the Czech Republic, Poland, Lithuania, Belarus), as well as the United States and Russia.