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Page added on September 10, 2006

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Russia seeks to tap nuke energy despite its vast oil, gas reserves

Russia on Friday outlined plans to build dozens of nuclear reactors over the next two decades to help meet its growing power demand.
Sergei Kiriyenko, head of Russia’s atomic energy agency, confirmed Moscow’s commitment to nuclear, saying it wanted to keep it at the heart of the country’s energy mix, despite Russia’s vast oil and gas reserves.

Kiriyenko said nuclear would become competitive with gas when Russia’s internal gas prices, currently at artificially low levels, start moving into line with world prices as Russian energy markets are liberalised.
Gulf Times



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