China and India will lead the world’s nuclear power growth, experts say

India and China are set to drive the world’s nuclear power production growth as the two developing nations — among the top consumers of energy in the world — pursue their respective national nuclear energy programs. According to the International Energy Agency, nuclear power production will grow by about 46 percent by 2040 — and more than 90 percent of the net increase will come from China and India. Global nuclear electricity output grew 1 percent in 2017, as the world’s nuclear fleet generated


India and China are set to drive the world’s nuclear power production growth as the two developing nations — among the top consumers of energy in the world — pursue their respective national nuclear energy programs. According to the International Energy Agency, nuclear power production will grow by about 46 percent by 2040 — and more than 90 percent of the net increase will come from China and India. Global nuclear electricity output grew 1 percent in 2017, as the world’s nuclear fleet generated
China and India will lead the world’s nuclear power growth, experts say Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: melissa goh, lin shanchuan, xinhua news agency, getty images
Keywords: news, cnbc, companies, nuclear, power, india, international, production, lead, world, growth, energy, report, china, experts, worlds, say


China and India will lead the world's nuclear power growth, experts say

India and China are set to drive the world’s nuclear power production growth as the two developing nations — among the top consumers of energy in the world — pursue their respective national nuclear energy programs.

According to the International Energy Agency, nuclear power production will grow by about 46 percent by 2040 — and more than 90 percent of the net increase will come from China and India.

Global nuclear electricity output grew 1 percent in 2017, as the world’s nuclear fleet generated 2,503 terawatt-hours (TWh) of electricity, according to the World Nuclear Industry Status Report 2018.

Take China out of the picture, however, and the reality looks starkly different: Global nuclear power generation would have declined for a third consecutive year, the report showed.

Asia, for its part, saw 8 to 9 percent growth in nuclear capacity last year, Agneta Rising, the director general of the World Nuclear Association, told CNBC at the Singapore International Energy Week conference last week.

“(The) largest growth in nuclear energy is in the Asia region, especially in China and India,” she said, adding that nuclear power is “absolutely compatible” and “necessary” for a low carbon future.


Company: cnbc, Activity: cnbc, Date: 2018-11-08  Authors: melissa goh, lin shanchuan, xinhua news agency, getty images
Keywords: news, cnbc, companies, nuclear, power, india, international, production, lead, world, growth, energy, report, china, experts, worlds, say


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US ratchets up pressure on Iran with resumption of sanctions

The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. The move will restore U.S. sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of President Barack Obama, and add 300 new designations in Iran’s oil, shipping, insurance and banking sectors. President Donald Tru


The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East. The move will restore U.S. sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of President Barack Obama, and add 300 new designations in Iran’s oil, shipping, insurance and banking sectors. President Donald Tru
US ratchets up pressure on Iran with resumption of sanctions Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: raheb homavandi
Keywords: news, cnbc, companies, irans, iran, states, deal, nuclear, negotiated, sanctions, countries, ratchets, resumption, secretary, pressure, oil, united


US ratchets up pressure on Iran with resumption of sanctions

The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East.

The move will restore U.S. sanctions that were lifted under a 2015 nuclear deal negotiated by the administration of President Barack Obama, and add 300 new designations in Iran’s oil, shipping, insurance and banking sectors.

President Donald Trump announced in May that his administration was withdrawing from what he called the “worst ever” agreement negotiated by the United States. Other parties to the deal, including Britain, France, Germany, China and Russia, have said they will not leave.

Details of the sanctions will be released at a news conference scheduled for 8:30 a.m. EST (1330 GMT) with Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin.

China, India, South Korea, Japan and Turkey — all top importers of Iranian oil — are among eight countries expected to be given temporary exemptions from the sanctions to ensure crude oil prices are not destabilized.

The countries will deposit Iran’s revenue in an escrow account, U.S. officials have said.


Company: cnbc, Activity: cnbc, Date: 2018-11-05  Authors: raheb homavandi
Keywords: news, cnbc, companies, irans, iran, states, deal, nuclear, negotiated, sanctions, countries, ratchets, resumption, secretary, pressure, oil, united


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Iran is trying to score a political win against the US: Expert

Iran is trying to score a political win against the US: Expert21 Hours AgoBy “isolating” the U.S. from the other countries in the nuclear deal, Iran is winning politically but losing economically, says Ilan Goldenberg of Center for a New American Security.


Iran is trying to score a political win against the US: Expert21 Hours AgoBy “isolating” the U.S. from the other countries in the nuclear deal, Iran is winning politically but losing economically, says Ilan Goldenberg of Center for a New American Security.
Iran is trying to score a political win against the US: Expert Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-04
Keywords: news, cnbc, companies, trying, win, nuclear, political, score, losing, iran, expert, winning, security, politically


Iran is trying to score a political win against the US: Expert

Iran is trying to score a political win against the US: Expert

21 Hours Ago

By “isolating” the U.S. from the other countries in the nuclear deal, Iran is winning politically but losing economically, says Ilan Goldenberg of Center for a New American Security.


Company: cnbc, Activity: cnbc, Date: 2018-11-04
Keywords: news, cnbc, companies, trying, win, nuclear, political, score, losing, iran, expert, winning, security, politically


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NASA is working on a nuclear fission system that could help humans reach Mars

Today, the idea of sending humans to Mars is not such a far-fetched proposition. For its part NASA, together with the Department of Energy’s National Nuclear Security Administration, has been working on a nuclear reactor power system that it says could “enable long-duration crewed missions to the Moon, Mars and destinations beyond.” A small, lightweight fission system dubbed the “Kilopower,” it can provide as much as 10 kilowatts of electrical power. In May 2018, NASA said that it had successful


Today, the idea of sending humans to Mars is not such a far-fetched proposition. For its part NASA, together with the Department of Energy’s National Nuclear Security Administration, has been working on a nuclear reactor power system that it says could “enable long-duration crewed missions to the Moon, Mars and destinations beyond.” A small, lightweight fission system dubbed the “Kilopower,” it can provide as much as 10 kilowatts of electrical power. In May 2018, NASA said that it had successful
NASA is working on a nuclear fission system that could help humans reach Mars Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-11-02  Authors: anmar frangoul
Keywords: news, cnbc, companies, mission, sunlight, reach, system, humans, help, test, nasa, reactor, mars, power, fission, nuclear, kilopower, working, missions


NASA is working on a nuclear fission system that could help humans reach Mars

On April 12, 1961, the cosmonaut Yuri Gagarin became the first human to enter space. Upon seeing our planet from his spacecraft he is reported to have said, “I see Earth! It is so beautiful.”

More than 57 years on from that momentous flight, space travel continues to generate feelings of excitement, wonder and awe.

Today, the idea of sending humans to Mars is not such a far-fetched proposition. Elon Musk’s SpaceX, for example, says it has an “aspirational goal” to send a cargo mission to the Red Planet in 2022. A second mission, carrying both cargo and crew, is being targeted for 2024.

For its part NASA, together with the Department of Energy’s National Nuclear Security Administration, has been working on a nuclear reactor power system that it says could “enable long-duration crewed missions to the Moon, Mars and destinations beyond.”

A small, lightweight fission system dubbed the “Kilopower,” it can provide as much as 10 kilowatts of electrical power. This, NASA says, is “enough to run several average households,” continuously, for “at least 10 years.”

Lee Mason is NASA’s principal technologist for power and energy storage. He explained to CNBC’s Sustainable Energy why it was so important to develop new sources of power for spaceflight.

“Most of our current spacecraft are powered by solar arrays and batteries which depend, obviously, on sunlight,” he said.

“But we want to go to missions in which there is no sunlight available – permanently shadowed craters on the Moon, the northern latitudes of Mars where sunlight is very limited,” he added. “It’s in those applications that we see Kilopower really fitting well.”

In May 2018, NASA said that it had successfully demonstrated the system, with its Kilopower Reactor Using Stirling Technology (KRUSTY) experiment ending with a 28-hour full power test.

That test, according to NASA, simulated a mission and included a reactor start-up, “ramp” to full power, steady operation and shut down.

“The test demonstrated that the reactor could do exactly what it needs to do on a mission, as far as operating at the power levels that we need it to, staying stable during all the operations and then being able to supply all the power that’s needed for specific missions that come up in the future,” Mark Gibson, Kilopower’s lead engineer, said.


Company: cnbc, Activity: cnbc, Date: 2018-11-02  Authors: anmar frangoul
Keywords: news, cnbc, companies, mission, sunlight, reach, system, humans, help, test, nasa, reactor, mars, power, fission, nuclear, kilopower, working, missions


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Trump’s plans to scrap a nuclear pact with Russia could heighten tensions in Asia


Trump’s plans to scrap a nuclear pact with Russia could heighten tensions in Asia Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31
Keywords: news, cnbc, companies, pact, heighten, plans, scrap, trumps, tensions, asia, russia, nuclear



Company: cnbc, Activity: cnbc, Date: 2018-10-31
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North Korea is reportedly preparing nuclear and missile sites for international inspectors

South Korea’s spy agency has observed preparations by North Korea for international inspections at several of its nuclear and missile test sites, the Yonhap news agency said on Wednesday, citing a South Korean lawmaker. The South’s National Intelligence Service observed North Koreans “conducting preparation and intelligence activities that seem to be in preparation for foreign inspectors’ visit,” the lawmaker added, but no major movements were seen at Yongbyon. North Korea has stopped nuclear an


South Korea’s spy agency has observed preparations by North Korea for international inspections at several of its nuclear and missile test sites, the Yonhap news agency said on Wednesday, citing a South Korean lawmaker. The South’s National Intelligence Service observed North Koreans “conducting preparation and intelligence activities that seem to be in preparation for foreign inspectors’ visit,” the lawmaker added, but no major movements were seen at Yongbyon. North Korea has stopped nuclear an
North Korea is reportedly preparing nuclear and missile sites for international inspectors Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: ilbo, getty images news, getty images
Keywords: news, cnbc, companies, preparing, sites, international, observed, inspectors, norths, intelligence, korean, missile, south, north, korea, nuclear, reportedly


North Korea is reportedly preparing nuclear and missile sites for international inspectors

South Korea’s spy agency has observed preparations by North Korea for international inspections at several of its nuclear and missile test sites, the Yonhap news agency said on Wednesday, citing a South Korean lawmaker.

Kim Min-ki of the ruling Democratic Party told reporters that intelligence officials had observed what they believed to be preparations for possible inspections at Punggye-ri nuclear test site and the Sohae Satellite launching ground.

The South’s National Intelligence Service observed North Koreans “conducting preparation and intelligence activities that seem to be in preparation for foreign inspectors’ visit,” the lawmaker added, but no major movements were seen at Yongbyon.

Yongbyon is the North’s main nuclear complex. North Korea has stopped nuclear and missile tests in the past year, but it did not allow international inspections of its dismantling of Punggye-ri in May, drawing criticism that the action was merely for show and could be reversed.

In September, its leader Kim Jong Un pledged at a summit with South Korean President Moon Jae-in to also close Sohae and allow experts to observe the dismantling of the missile engine testing site and a launch pad.

At the time, Moon said North Korea agreed to let international inspectors observe a “permanent dismantlement” of key missile facilities, and take further steps, such as closing Yongbyon, in return for reciprocal moves by the United States.

Washington has demanded steps such as a full disclosure of the North’s nuclear and missile facilities, before agreeing to Pyongyang’s key goals, including an easing of international sanctions and an official end to the Korean War.

American officials have been skeptical of Kim’s commitment to giving up nuclear weapons, but the North’s pledge at the summit with the South drew an enthusiastic response from President Donald Trump.


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: ilbo, getty images news, getty images
Keywords: news, cnbc, companies, preparing, sites, international, observed, inspectors, norths, intelligence, korean, missile, south, north, korea, nuclear, reportedly


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GOP senators want Trump to halt nuclear technology talks with Saudis after Khashoggi killing

Five Republican senators have asked the Trump administration to suspend talks to transfer U.S. nuclear technology to Saudi Arabia following the killing of journalist Jamal Khashoggi at the kingdom’s consulate in Turkey. The lawmakers, led by Senator Marco Rubio, threatened to block any agreement to export civilian nuclear technology to Saudi Arabia, potentially setting up a showdown with the White House. The Trump administration has courted the Saudis as they seek to build 16 nuclear power react


Five Republican senators have asked the Trump administration to suspend talks to transfer U.S. nuclear technology to Saudi Arabia following the killing of journalist Jamal Khashoggi at the kingdom’s consulate in Turkey. The lawmakers, led by Senator Marco Rubio, threatened to block any agreement to export civilian nuclear technology to Saudi Arabia, potentially setting up a showdown with the White House. The Trump administration has courted the Saudis as they seek to build 16 nuclear power react
GOP senators want Trump to halt nuclear technology talks with Saudis after Khashoggi killing Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: tom dichristopher, getty images
Keywords: news, cnbc, companies, saudis, gop, suspend, halt, related, arabia, senators, khashoggi, saudi, talks, killing, trump, nuclear, technology, letter


GOP senators want Trump to halt nuclear technology talks with Saudis after Khashoggi killing

Five Republican senators have asked the Trump administration to suspend talks to transfer U.S. nuclear technology to Saudi Arabia following the killing of journalist Jamal Khashoggi at the kingdom’s consulate in Turkey.

The lawmakers, led by Senator Marco Rubio, threatened to block any agreement to export civilian nuclear technology to Saudi Arabia, potentially setting up a showdown with the White House. The Trump administration has courted the Saudis as they seek to build 16 nuclear power reactors over the next 25 years, an endeavor that would generate tens of billions of dollars in economic activity.

In a letter to President Donald Trump, the senators say the slaying of Khashoggi, as well as other foreign policy issues, raise questions about whether the Saudi leadership should be entrusted with U.S. nuclear technology and know-how.

“The ongoing revelations about the murder of Saudi journalist Jamal Khashoggi, as well as certain Saudi actions related to Yemen and Lebanon, have raised further serious concerns about the transparency, accountability, and judgment of current decisionmakers in Saudi Arabia,” the lawmakers wrote in a letter to Trump.

“We therefore request that you suspend any related negotiations for a U.S.-Saudi civil nuclear agreement for the foreseeable future.”


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: tom dichristopher, getty images
Keywords: news, cnbc, companies, saudis, gop, suspend, halt, related, arabia, senators, khashoggi, saudi, talks, killing, trump, nuclear, technology, letter


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China nuclear power generation up 13 percent between January and September

China’s 40 commercially operating nuclear reactors delivered a total of 193.77 billion kilowatt-hours of power to the grid in the first nine months of the year, up 13.3 percent from a year earlier, an industry group said. In a report published late on Tuesday, the China Nuclear Energy Association said total nuclear power generation amounted to 4.1 percent of the national total over the three quarters. However, Japan’s Fukushima disaster in 2011 prompted a rethink among Chinese policymakers, and


China’s 40 commercially operating nuclear reactors delivered a total of 193.77 billion kilowatt-hours of power to the grid in the first nine months of the year, up 13.3 percent from a year earlier, an industry group said. In a report published late on Tuesday, the China Nuclear Energy Association said total nuclear power generation amounted to 4.1 percent of the national total over the three quarters. However, Japan’s Fukushima disaster in 2011 prompted a rethink among Chinese policymakers, and
China nuclear power generation up 13 percent between January and September Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: ryan pyle, corbis historical, getty images
Keywords: news, cnbc, companies, 2020, total, country, chinas, nuclear, power, generation, reactor, united, technologies, china, key, 13


China nuclear power generation up 13 percent between January and September

China’s 40 commercially operating nuclear reactors delivered a total of 193.77 billion kilowatt-hours of power to the grid in the first nine months of the year, up 13.3 percent from a year earlier, an industry group said.

In a report published late on Tuesday, the China Nuclear Energy Association said total nuclear power generation amounted to 4.1 percent of the national total over the three quarters.

Nuclear had been seen as a crucial part of China’s efforts to reduce the use of polluting, climate-warming fossil fuels, and the country embarked on an ambitious reactor building program involving key technologies from France, the United States, Russia and Canada.

However, Japan’s Fukushima disaster in 2011 prompted a rethink among Chinese policymakers, and repeated delays to a number of key nuclear reactor projects have also slowed the pace of construction.

China had aimed to lift total capacity to 58 gigawatts by the end of 2020, and have another 30 GW under construction.

But no new conventional reactor has been approved by the authorities in around three years, and experts now believe the country will struggle to meet its 2020 targets.


Company: cnbc, Activity: cnbc, Date: 2018-10-31  Authors: ryan pyle, corbis historical, getty images
Keywords: news, cnbc, companies, 2020, total, country, chinas, nuclear, power, generation, reactor, united, technologies, china, key, 13


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Iran is still selling a lot of oil just days before Trump’s sanctions deadline

Still, Iran was selling roughly 1.7 million to 1.9 million bpd of crude oil and condensate, a super light form of oil, in September, according to estimates by investment banks, tanker-tracking firms and the International Energy Agency. That’s down from a 2018 peak of 2.7 million bpd in June, according to ClipperData. In the first six months of the year, Iran was averaging 2.4 million bpd in shipments, S&P Global Platts Analytics estimates. But analysts widely expect the losses to balloon to betw


Still, Iran was selling roughly 1.7 million to 1.9 million bpd of crude oil and condensate, a super light form of oil, in September, according to estimates by investment banks, tanker-tracking firms and the International Energy Agency. That’s down from a 2018 peak of 2.7 million bpd in June, according to ClipperData. In the first six months of the year, Iran was averaging 2.4 million bpd in shipments, S&P Global Platts Analytics estimates. But analysts widely expect the losses to balloon to betw
Iran is still selling a lot of oil just days before Trump’s sanctions deadline Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: tom dichristopher, raheb homavandi
Keywords: news, cnbc, companies, trump, days, nuclear, nations, sanctions, bpd, months, crude, trumps, lot, selling, iran, oil, million, deadline


Iran is still selling a lot of oil just days before Trump's sanctions deadline

The Trump administration has cut down Iran’s oil exports more quickly than many expected, but just days before a White House deadline, it is still a long way from achieving its stated goal of zeroing out Iranian oil sales.

Iran’s oil exports have fallen by about a third in the five months through September. They tumbled by about 800,000 barrels per day since President Donald Trump announced in May that he was abandoning a nuclear accord with Iran and restoring wide-ranging sanctions on its economy.

Still, Iran was selling roughly 1.7 million to 1.9 million bpd of crude oil and condensate, a super light form of oil, in September, according to estimates by investment banks, tanker-tracking firms and the International Energy Agency.

That’s down from a 2018 peak of 2.7 million bpd in June, according to ClipperData. In the first six months of the year, Iran was averaging 2.4 million bpd in shipments, S&P Global Platts Analytics estimates.

Some of Iran’s biggest customers, including China and India, are expected to keep buying its barrels. The Trump administration has also indicated it will allow some countries to continue importing limited quantities of Iranian oil, but officials haven’t disclosed which nations will receive waivers.

Along with China and India, countries like Turkey, Italy, Spain, Greece and Japan have kept purchasing Iran’s crude. But analysts widely expect the losses to balloon to between 1 million and 1.5 million bpd by the end of the year.

“Iranian crude and condensate exports look set to finish October around a similar level to September, although we expect volumes to drop off next month as sanctions kick in and buyers dissipate,” said Matt Smith, director of commodity research at ClipperData, a firm that tracks tanker traffic.

Petro-Logistics, another tanker-tracking firm, says Iran probably lost more than 100,000 barrels per day in October.

Trump is restoring sanctions developed by the Obama administration to isolate Iran from global markets over its alleged pursuit of nuclear weapons. Those sanctions, backed by the European Union and the United Nations, forced Iran to the negotiating table, where it agreed to limits on its nuclear program in exchange for sanctions relief.

After taking office, Trump failed to convince European allies to take a tougher stance against Iran and renegotiate the 2015 Iran nuclear deal. Instead, he pulled the United States out of the agreement, restored sanctions on Iran and threatened to lock foreign firms out of the U.S. market if they do business with Iran.

Trump gave countries six months to wind down their purchases of Iranian crude. State Department officials later told foreign nations they expected oil buyers to cut their purchases to zero by Nov. 4, surprising the market and sending oil prices higher.


Company: cnbc, Activity: cnbc, Date: 2018-10-30  Authors: tom dichristopher, raheb homavandi
Keywords: news, cnbc, companies, trump, days, nuclear, nations, sanctions, bpd, months, crude, trumps, lot, selling, iran, oil, million, deadline


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US urges North Korea denuclearization before ‘shared goal’ of ending war

North Korea must take steps towards verified denuclearization before achieving the “shared goal” of an official end to the 1950-53 Korean War, a U.S. envoy said on Monday. Stephen Biegun, U.S. Special Representative for North Korea, was in Seoul to meet senior South Korean officials, including his counterpart Lee Do-hoon, amid rising signs of discord between the allies on North Korea. North Korea and the United States have been at odds over whether the North’s denuclearisation or declaring an en


North Korea must take steps towards verified denuclearization before achieving the “shared goal” of an official end to the 1950-53 Korean War, a U.S. envoy said on Monday. Stephen Biegun, U.S. Special Representative for North Korea, was in Seoul to meet senior South Korean officials, including his counterpart Lee Do-hoon, amid rising signs of discord between the allies on North Korea. North Korea and the United States have been at odds over whether the North’s denuclearisation or declaring an en
US urges North Korea denuclearization before ‘shared goal’ of ending war Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: ahn young-joon – pool, getty images, three lions
Keywords: news, cnbc, companies, denuclearization, urges, nuclear, biegun, korean, war, united, korea, states, goal, end, ending, north, shared, south


US urges North Korea denuclearization before 'shared goal' of ending war

North Korea must take steps towards verified denuclearization before achieving the “shared goal” of an official end to the 1950-53 Korean War, a U.S. envoy said on Monday.

Stephen Biegun, U.S. Special Representative for North Korea, was in Seoul to meet senior South Korean officials, including his counterpart Lee Do-hoon, amid rising signs of discord between the allies on North Korea.

In recent months, the administration of South Korea’s Moon Jae-in has forged ahead with efforts to engage with the North, stoking U.S. concern over a range of issues, especially the continued enforcement of U.N. sanctions over the North’s nuclear and missile programs.

North Korean leader Kim Jong Un vowed to work towards denuclearization during an unprecedented June summit with U.S. President Donald Trump, but the North’s actions have failed to satisfy U.S. demands for irreversible steps to scrap its arsenal, including a full disclosure of nuclear weapons and facilities.

The two diplomats sought to inject fresh momentum into stalled nuclear talks, with Biegun saying he was “absolutely certain” the allies could work together to achieve their objective of denuclearization.

“We have a shared goal here, which is to bring an end to 70 years of war and hostilities on the Korean peninsula,” Biegun told Lee at the start of their meeting.

“And the primary requirement for us to get to the end point is to achieve final, fully, verified denuclearisation of North Korea. I am absolutely confident this is within reach.”

North Korea and the United States have been at odds over whether the North’s denuclearisation or declaring an end to the Korean War should come first.

The war ended with an armistice, not a peace treaty, meaning U.S.-led U.N. forces are technically still at war with the North.

Lee said that Washington and Seoul were working to ensure that both countries engage North Korea with a united front.

“Because the denuclearisation process is at a critical juncture we need to meet up as often as possible to make sure there is no daylight whatsoever between our two allies,” Lee said.

While Biegun is not scheduled to visit the North, he said he was eager to begin “working-level negotiations” with the reclusive state as soon as possible.

He said early this month that he had offered to meet his North Korean counterpart, Vice Foreign Minister Choe Son Hui.

The talks came amid signs of a rift between Seoul and Washington.

The United States suspended some of its annual military drills with South Korea, but has been wary of providing Pyongyang big economic benefits until it takes further concrete disarmament steps.

The two Koreas agreed to launch a joint study to reconnect rail links this month, but it has yet to begin due to delays in consultations with the U.S.-led United Nations Command (UNC), which oversees affairs in the border region.

The survey was initially scheduled for August but the plan fell apart after the UNC refused passage of a test train.

When asked about the slow progress in the rail initiative, South Korean Unification Minister Cho Myoung-gyon said there were “areas where we and the U.S. side have slightly different views.

“But it’s not to the extent that the United States is opposed to inter-Korean projects,” Cho told a parliamentary audit on Monday.

Cho said it was “still possible at this point” that the end-of-war declaration will be made and Kim will visit the South within this year as agreed at this year’s inter-Korean summits.

WATCH: Here’s what would happen if President Trump were to order a nuclear strike


Company: cnbc, Activity: cnbc, Date: 2018-10-29  Authors: ahn young-joon – pool, getty images, three lions
Keywords: news, cnbc, companies, denuclearization, urges, nuclear, biegun, korean, war, united, korea, states, goal, end, ending, north, shared, south


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