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Tenex cuts uranium product exports 5.4% in 2013

Techsnabexport (Tenex), Russia's nuclear materials and services exporter, reduced these exports 5.4% in 2013 to $3.046 billion, from $3.219 billion in 2012, the company said in an annual report.

 
The bulk of last year's exports consisted of commercial exports, which fell 6.5% to $2.044 billion due to a drop in demand for uranium enrichment services in the wake of the Fukushima disaster in Japan and drop in market prices; and deliveries of low-enriched uranium under the megatons-to-megawatts contract with the United States, which came to $1.002 billion.
 
Most of Tenex's exports last year were to the United States. The U.S. accounted for around 47% or just over $1.4 billion of the exports. Europe-based clients accounted for around 63% of all commercial exports and around 43% ($1.3 billion) of overall exports, including the megatons-to-megawatts contract.
 
Exports to the Asia-Pacific region, specifically South Korea, China and Japan, and to the Middle East (UAE) and Africa (South Africa) accounted for around 10% or just over $300 million of the exports.
 
 
22 April 2014

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