How Soon Will Saudi Arabia Rely On Atomic Energy?

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While a growing number of countries have actually revealed their civilian atomic energy aspirations over the previous twelve months, no other nation is likely to have more of a mental impact on the nuclear energy image than Saudi Arabia. We believe the Kingdom’s gas and water problems will lead them to nuclear, sooner instead of later, probably as early as this year.

After our interview with Kevin Bambrough, which led to the commonly checked out article, ‘Explosion in Nuclear Energy Demand Coming,” we started more deeply investigating Bambrough’s conclusion. He believes the overwhelming development in atomic energy will continue to drive the uranium bull market much greater than is presumed. He believes the uranium renaissance has actually gone beyond the envelope of simply a mining stock scarcity. We researched this additional throughout the course of our investigation into uranium and geopolitics. We were surprised by what we discovered, and continue to be stunned by how accurate Mr. Bambrough’s forecast is most likely to play out. We consisted of the special sub-section, which follows, in our soon-to-be-published, A Practical Investor’s Guide to Uranium Stocks. Below is a preview.(Site : S188Bet)

Kuwaiti scientist Abdullah al-Nufaisi told workshop attendees in Qatar that Saudi Arabia is preparing a nuclear program. Social, not energy, problems could assist the Saudi royals embark on a massive nuclear program.

Of the Kingdom of Saudi Arabia’s 24 million topics, more than 40 percent are under 18 years of age. While still workable, the nation’s facilities is not prepared to deal with its explosive population development. The 2 greatest problems dealing with Saudi Arabia are prospective water and electrical power lacks. Real, its very oilfields might also have peaked in production and may move into tertiary recovery, however that is unidentified. An Islamic transformation, much like exactly what Iran suffered in the 1970s is most likely foremost in the King’s mind. Civil unrest may come about should his topics experience inadequate electricity and insufficient water materials. One requirement just take a look at the extensive electrical power shortages Syria experienced in the 1980s and early 1990s.

As reported in the October 14, 2004 issue of Arab Oil and Gas, the Saudis lag well behind Bahrain, Kuwait, Qatar, and the United Arab Emirates in per capita energy intake. The rate of gas intake, which produces Saudi’s electrical power, increased less than Egypt and Syria. Overall energy usage come by 3.5 percent in 1999 and 2000.

The worldwide heralded “Gas Initiative” of 1998 was the Kingdom’s effort to entice significant western oil business back into the nation to assist develop its gas reserves. After significant oil business invested $100 million in due diligence to examine the Saudi gas reserves, the initiative silently dropped off the world’s radar screen. A Shell Oil executive, whose company is checking out for gas in the country’s Empty Quarter, told Bloomberg Daily Energy News that this was a high-risk endeavor with a low possibility of finding sizeable reserves. In Matthew Simmons’ Twilight of the Desert, he repeated what he was informed by an anonymous senior oil executive, “The tanks are shabby.”

Nuclear energy is most likely to be the solution to both those issues. Our research study forecasts the Saudis ought to announce a massive civilian nuclear energy program in the near future.

Let’s discuss the water issue first. In a 2002 story reported in the Oil & Gas Journal, Saudi Arabia’s 30 desalination plants produce about 21 percent of the world’s total desalinated water production. Almost 70 percent of the local water drunk in cities originates from desalinated sea water. As the population grows, Saudi Arabia might spend another $40 billion to construct more desalination plants.

Half of the world’s desalination plants are in the Middle East. Transforming sea water to potable water is energy intensive. The frequently utilized desalination approach of multi-stage flash (MSF) distillation with steam needs heat at 70 to 130 degrees centigrade and consumes up to 200 kilowatt hours of electricity for every cubic meter of water (about 264 gallons).

Desalination is really expensive. The expense to create this electricity through gas describes why Saudi Arabia spends about $4 billion in operating and yearly upkeep costs.

There countless precedents in combining water desalination with nuclear energy for electrical generation. The World Nuclear Association highlights the BN-350 quick reactor in Kazakhstan, which has actually produced 135 MWe of electrical power and 80,000 cubic meters per day of drinkable water for almost 30 years. In Japan, ten desalination facilities are linked to pressurized water reactors producing electrical energy. The International Atomic Energy Agency is working closely with about 20 nations to execute dual-use nuclear reactors, which would likewise desalinate water.

Inning accordance with the World Nuclear Association’s website, “Small and medium sized nuclear reactors are suitable for desalination, often with cogeneration of electrical power using low-pressure steam from the turbine and hot sea water feed from the last cooling system. The main chances for nuclear plants have been recognized as the 80-100,000 m3/day and 200-500,000 m3/day varieties.”

In 1977, Iran’s Bushehr nuclear facility was to also have a 200,000 cubic meter/day MSF desalination plant. Possibly when Iran commences its civilian nuclear program, the desalination plant will be restored. Argentina has also developed a small nuclear reactor design for electrical energy cogeneration or solely for desalination.

Considering that the mid 1980s, scientists and scientists at the Saudi’s Nuclear Engineering Department at King Abdulaziz University, the College of Engineering at the University of Riyadh, the Chemical Engineering Department of King Saud University, and the Atomic Energy Research Institute have actually investigated and examined nuclear desalination. Saudi researchers provided their paper, entitled, ‘Role of Nuclear Desalination in the Kingdom of Saudi Arabia,’ at the First International Conference on Nuclear Desalination in Morocco in October 2002.

Saudi’s nuclear scientists have actually been included with numerous countries to assist their nation establish a bonafide nuclear energy program. Since Saudi scientists do not have the tested experience of the whole nuclear fuel cycle, Pakistan’s know-how, over the past years, could help speed up the Kingdom’s pursuit of a civilian nuclear program.

Saudi Arabia has significant phosphate deposits, which some think could be made use of. Mined by the Saudi Arabian Mining Company and the Saudi Basic Industrial Corporation, fertilizer plants at the Al Jubail Industrial City produce about 4.5 metric lots of P2O5 every year. While extraction of uranium from phosphates can be a costly proposal, the phosphates might supply a prepared supply of uranium for the nation’s nuclear desalination plants.

While the Saudi program lots of not directly effect world uranium prices, the Kingdom’s choice to advance its nuclear program, beyond the research and medical stage, would indicate the whole world that nuclear energy programs will be a primary development sector for the next fifty to one hundred years. Ought to the Saudis also begin desalination tasks utilizing dual-use atomic power plants, this might change the whole landscape of the water scenario for the Middle East along with Africa. And it would probably trigger a substantial stampede of the Kingdom’s neighbors into the global nuclear renaissance.

Because the mid 1980s, scientists and scientists at the Saudi’s Nuclear Engineering Department at King Abdulaziz University, the College of Engineering at the University of Riyadh, the Chemical Engineering Department of King Saud University, and the Atomic Energy Research Institute have investigated and examined nuclear desalination. Saudi researchers presented their paper, entitled, ‘Role of Nuclear Desalination in the Kingdom of Saudi Arabia,’ at the First International Conference on Nuclear Desalination in Morocco in October 2002.

Saudi’s nuclear scientists have actually been included with many countries to assist their country establish a bonafide nuclear energy program. Because Saudi researchers lack the tested experience of the entire nuclear fuel cycle, Pakistan’s expertise, over the past years, might help accelerate the Kingdom’s pursuit of a civilian nuclear program.

While the Saudi program many not straight effect world uranium costs, the Kingdom’s decision to advance its nuclear program, beyond the research study and medical stage, would indicate the entire world that nuclear energy programs will be a primary growth sector for the next fifty to one hundred years.