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Holtec Achieves Milestone towards Restarting Palisades Nuclear Facility and Advances Plans to Build Two SMRs at Palisades Site

LCG, March 31, 2026--Holtec International yesterday announced that it successfully completed a milestone test necessary to return Holtec's Palisades Nuclear Generating Station to service. The 805-MW pressurized water reactor (PWR) is located in Michigan and was shut down by Entergy in May 2022. Holtec acquired the facility in June 2022 and has pursued a path to return the plant to service.

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Arbor Signs Agreement with GridMarket for 5 GW of Baseload Power

LCG, March 25, 2026--Arbor Energy today announced an agreement with GridMarket, an energy and infrastructure project facilitator, to deliver up to 5 GW of zero-emission power starting in 2029. GridMarket supports large energy users, including data centers, manufacturers, and logistics providers, with securing reliable and cost-effective power.

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Industry News

Gazprom Executes Agreement with Venezuela for Oil and Gas Exploration

LCG, September 24, 2008--Gazprom signed on Monday a memorandum of understanding with the Venezuelan state-owned oil company, Petroleos de Venezuela, S.A. (PDVSA), for the development of two offshore oil and gas zones in the Caribbean. The development may include a liquefied natural gas (LNG) terminal to enable the export of natural gas to other markets, including North America.

An initial step in the development will be a feasibility study of the Blanquilla Oeste and Tortuga zones. The estimated cost of the LNG terminal is nearly $6 billion. Gazprom will have a 15% ownership in the project. The other participants in the venture are PDVSA (60%), Eni of Italy (10%), Petronas of Malaysia (10%),and Energias de Portugal (5%).

Gazprom's chief executive was recently stated, "We see North America as a region of our strategic interests....We have noticed a growing interest of Canadian companies in co-operation with Gazprom of late. We have received many interesting proposals based on objective competing advantages of Canadian companies in gas supplies to the US market....In general, one can say that we are creating a new configuration of gas supplies to North America."
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