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21:29 25.02.2016(updated 23:34 25.02.2016) Get short URL
Western Sanctions Against Russia (503)
The cooperation between US leading energy provider Exelon and Russia’s uranium exporter Tekhsnabexport (Tenex) has been unaffected by the sanctions, President and CEO of Exelon Christopher Crane told Sputnik on the sidelines of the IHS Energy CERAWeek conference in Houston, Texas on Thursday.HOUSTON (Sputnik) – When asked whether the anti-Russian sanctions had any impact on the cooperation between Exelon and Tenex, Crane said "No."
Crane also underlined that the current contract is working "very well."
"They are a good-quality supplier. We have enjoyed the relationship over the years, and we plan on continuing to work together," the president stated.
Exelon will extend its contract with Russia’s Tekhsnabexport upon its expiration, Christopher Crane told Sputnik on the sidelines of the IHS Energy CERAWeek conference in Houston, Texas on Thursday.
"We are," Crane said in response to a question whether his company is planning to extend the contract with Tekhsnabexport when it expires.
However, Crane noted Exelon will not expand the contract.
"No more, just the procurement of the material we’ve originally been doing, but we are not looking at expanding at this point. It’s a good part of our portfolio, and we are going to maintain it," he stated.
Read more: http://sputniknews.com/business/20160225/1035354903/russia-us-sanctions-exelon.html#ixzz41E3IPl4Z