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TENEX continues supplying low enriched uranium to the United States under HEU-LEU Agreement

08 апреля 2009
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The first shipment of low enriched uranium to the United States in 2009 took place on 7 April under the contract between JSC Techsnabexport (TENEX, 100% subsidiary of JSC Atomenergoprom) and US Enrichment Corporation (USEC). This contract is part of the Agreement on the Disposition of Highly Enriched Uranium (HEU) Extracted from Nuclear Weapons (HEU Agreement, or ‘Megatons to Megawatts’ Program) signed by the governments of the United States and the Russian Federation on 18 February, 1993.

It was the first of this year’s shipments to be carried out at a new price agreed on by the governments of Russia and the USA (the Russian Government approved the amendment on 30 March 2009).

According to the HEU Agreement, in 2009 Atomenergoprom companies are supposed to downblend about 30 tons of highly enriched uranium and produce over 830 tons of low enriched uranium (LEU) for delivery to the United States and further use as fuel for local nuclear power plants.

These Supply Program will allow Russia to meet its international obligations in the framework of the HEU Agreement and to ensure budgetary revenues over $900million.

The Executive Contract implementing the Agreement (the HEU-LEU Contract) was signed on January 15, 1994 between the authorized organizations – JSC Techsnabexport on the part of Russia and USEC on the part of the US.

JSC Techsnabexport is the world’s largest supplier of nuclear fuel cycle products and services. The company has 45 years of experience in foreign trade and provides over 40% of the world market demand for uranium enrichment services for NPP needs. Techsnabexport exports isotopes, rare-earth metals and other products manufactured by Russian nuclear industry, and imports advanced technological, scientific and medical equipment. It has subsidiaries in Germany, Republic of Korea and Japan.

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