categoryMenu_new
 
  Home
  EXTRAORDINARY AH Teaching from Spiritual Hierarchy
  AbundantHope
  NEW READERS! Read Here First
  Supporting AH
  Leadership of AbundantHope
  Announcements
  Regional AH Sites
  Other Sites with AH material
  Contact Us
  Becoming A Messiah
  OUR PUBLIC FORUM IS OPEN TOO ALL
  Mission Ideas
  System Busting
  Cleric Letter/English
  Translations of Cleric Letter
  AH Member Writings
  Candace
  Ron
  Rosie
  Jess
  Brian's Poetry
  James
  Giuseppe
  Esteban
  Telepathic Messages
  Candace
  Jess Anthony
  Vince
  Leonette
  John
  Adam
  Bela
  Joyce
  Hazel
  Kibo
  Peter
  Rosie
  Johan
  Lucia
  Lucia G
  Rubens
  Shellee-Kim
  Ben
  Dorothea
  Solon
  Others
  Targeted Messages
  Hano
  Light Flower
  Changing The Face Of Religion
  - Phoenix Journals - PDF in German
  Candace on Religion
  Other Spiritual Pieces
  Spiritual Nuggets by the Masters
  Phoenix Journals
  Phoenix Journals - PDF
  Telepathic Messages PDF books
  Selections from the Urantia Book
  Illustrations For The Urantia Book
  CMGSN Pieces
  THE WAVE
  Environment/Science
  David Crayford and the ITC
  Health and Nutrition
  Podcasts, Radio Shows, Video by AH
 
  Political Information
  True US History
  Human/Animal Rights
  The Miracle That Is Me
  Education
  Resources
  911 Material
  Books - eBooks
  government email/phone #'s
  Self Reliance
  Video
  Websites
  Alternative News Sources
  Art and Music
  Foreign Sites
  Health and Healing
  Human/Animal Rights
  Scientific
  Spiritual
  Vegan Recipes
  Translated Material
  Dutch
  Gekanaliseerde berichten Jess
  Gekanaliseerde berichten Candace
  Gekanaliseerde berichten Anderen
  Artikelen/berichten
  French
  Canal Jess
  Par Candace
  Other Channels
  Articles
  German
  Telepathische Nachrichten (Candace)
  Telepathische Nachrichten (Jess)
  Telepathische Nachrichten (div.)
  AH Mitgliederbeiträge (Candace)
  AH Mitgliederbeiträge (Jess)
  Spirituelle Schätze
  Italian
  Translations - Candace
  Translations - Jess
  Translations - Others
  Portuguese
  by Candace
  By Jess
  By Others
  Spanish
  Anfitriones Divinos
  Bitácoras Fénix
  Creadores-de-Alas (WingMakers/Lyricus)
  Escritos de Candace
  Escritos de Otros
  Monjoronsón
  Telemensajes de Candace
  Telemensajes de Jess Anthony
  Telemensajes de Otros
  Chinese
  By Candace
  By Jess
  By Others
  Korean Translations
  Hungarian Translations
  Swedish Translations

Search
[an error occurred while processing this directive]
Political Information Last Updated: Jan 14, 2020 - 12:07:47 PM


Why Nuclear Energy Is Critical For Russia
By Vanand Meliksetian
Jul 17, 2018 - 2:01:25 AM

Email this article
 Printer friendly page Share/Bookmark

Nuclear
https://oilprice.com/Alternative-Energy/Nuclear-Power/Why-Nuclear-Energy-Is-Critical-For-Russia.html

July 15th 2018

As the world's largest natural gas and oil producer and exporter, Russia plays an important role in setting the global geopolitical agenda. The recent agreement with OPEC is evidence of Moscow's ability to set prices. However, in another field of energy production Russia captures an even more dominant position: nuclear technology.

The Russian nuclear industry is one of the oldest and most mature in the world. After the end of the Second World War and the start of the Cold War, nuclear technology was not only essential for security purposes as a deterrent towards the competing power bloc, but also as a sign of prestige. The first nuclear power plant connected to the grid was opened in 1954 in the USSR. Global nuclear power plant construction in later years was dominated by three countries: France, the U.S., and the Soviet Union.

The demise of communism and the end of the Cold War significantly reduced the development of nuclear technology by the Soviet Union's successor: the Russian Federation. In 2007 President Putin signed a decree in which a government owned holding company was created to solidify the domestic civil nuclear technology sector. The downward spiral steadily reclined and has turned out to be a resounding success.

The order book of Russia's state owned Rosatom has steadily increased to $300 billion dollars in recent years. Currently, 34 reactors in 12 countries are under construction while several other states have shown interest. The order book adds up to a global market share of 60% of all nuclear power plants planned or under construction.

(Click to enlarge)

China also hosts an ambitious civil nuclear power sector where the largest number of reactors in a single country is under construction. Beijing's export-oriented nuclear power technology development, renders risks for Rosatom in the long term. However, despite significant progress made by Chinese developers, Russian reactors remain popular in the Asian country - as illustrated by the recent approval of another four reactors during a state ceremony in Beijing.

Russian civil nuclear technology appeals to a host of customers due to attractive agreements. To many, the power plants will be the first in their history while several locations are in the developing world. In most cases, Russia's nuclear packages are attractive as Rosatom provides both financing and day-to-day management of the power plants as well as actual construction and the shipping of nuclear fuel. Furthermore, Rosatom offers far greater discounts than its competitors.

Previously, the civil nuclear power sector was dominated by western firms: Areva and Westinghouse (part of Toshiba). The major success of Rosatom abroad coupled with a declining demand for civil nuclear technology in the West, has reduced the flow of revenues for these companies. Westinghouse even filed for bankruptcy, but has been able to reach a deal with its creditors to resolves some of the financial issues.

However, Rosatom - and therefore Moscow - also faces risks. If all plans are executed according to plan, the Russian company will be facing a mountain of nuclear waste, which (in some cases) it is contractually obliged to take care of. Furthermore, the hazardous waste also needs to be protected against theft, with a real threat of terrorists or criminals getting their hands on it.

Moscow's strong support for national champions in various sectors such as oil and gas (Rosneft and Gazprom), defence (Rosoboronexport), and nuclear energy (Rosatom) is not solely based on financial reward. High profile deals in these crucial sectors also provide the Kremlin diplomatic clout in the countries concerned.

Related: Spare Capacity: The Biggest Mystery In Oil Markets

Furthermore, the civil nuclear energy sector is highly sensitive to public perception. Changes in attitude can quickly halt or rollback developments. The multiple methods of electricity production provide alternatives for decision makers in case the nuclear option falls out of grace. The disaster with the plant at Fukushima is the most recent example of the world's love-hate affair with civil nuclear energy. The meltdown at the Japanese power plant dramatically changed the energy policy of the third and fourth largest economies of the world: Japan and Germany. As a result, demand for LNG and investment in renewable energies has skyrocketed in recent years in these countries.

Although Rosatom's order book is already impressively full and several potential orders could be concluded in the foreseeable future, unforeseen actions can seriously hamper developments. The high-risk nature of the nuclear energy business renders unique mitigating factors unlike others in the power production business. As the nuclear energy sector is highly dependent on reputation and safety, one mistake or accident could break Rosatom's winning streak overnight.

By Vanand Meliksetian for Oilprice.com

More Top Reads From Oilprice.com:




All writings by members of AbundantHope are copyrighted by
©2005-2020 AbundantHope - All rights reserved

Detailed explanation of AbundantHope's Copyrights are found here


Top of Page

Political Information
Latest Headlines
"Melbourne Has Become a Living Hell"
THE TRUTH BEHIND THE BOMBING IN BEIRUT – THE ZIONIST CONNECTION
Melbourne Cops May Now Enter Homes Without warrant, after 11 people die of Covid – Australia, This Is Madness, Not Democracy
Are You Loving Your Servitude ? (Part 2)
Texas School Officials Caught Promoting Marxism & Terrorism
The Injection Fraud – It’s Not a Vaccine
MindMatters: Interview with Gary Lachman: The Return of Holy Russia II
WHO Admits: No Direct Evidence Masks Prevent Viral Infection
“Gone with the Wind” Returns with Vengeance and Insight!
The Media Said Europe "Beat Back" COVID, But Now Lockdowns Loom Again
Overdue Antidote to Black Lives Matter’s Poisonous Ideology Arrives in the form of Britain’s ‘strictest teacher’
Priceless !! Seattle Protesters 'were forced to buy expensive protective gear' in Protest Tax Lawsuit Against City
Facebook's Fact-Check Board Gets a Lot of 'Likes' From Soros
Here’s Why They Really Blew Up Beirut.
Breaking : Israel Bombed Beirut
Facebook Removes Trump Post For Violating Policies "Harmful Coronavirus Misinformation"
Turkish-Backed Forces On Guard For Liberal Values And Same-Sex Marriages In Syria
Feminists Threaten Legal Action After Scottish government Recognizes gender-confused Men as Women
Where Fake News Is Born: How Wikipedia Spreads Hoaxes
Ex-NYT Reporter Publishes New anti-lockdown Book, Calls Out ‘90% of media’ on Parroting Same Lines on Covid responses