Gazprom May Expand into Nuclear Power Generation�� Paper - COMPANY NEWS - MOSNEWS.COM
Gazprom May Expand into Nuclear Power Generation�� Paper - COMPANY NEWS - MOSNEWS.COM
Russian state-controlled gas giant Gazprom could expand into nuclear power generation under a Kremlin plan, the Vedomosti business daily reported on Friday, Jan. 27.Under the plan, Gazprom would build and control the nuclear plants, while the fall in demand for gas-fueled electricity generation would enable the company to export more of its gas to lucrative foreign markets, the newspaper reported, citing unidentified officials in the Presidential Administration.Last week Russia’s new nuclear chief Sergei Kiriyenko has said that some US$60 billion needs to be invested in 40 new nuclear power plants over the next 25 years.While some managers see advantages in the plan, others say the money would be better deployed developing new, technically challenging, gas fields, the paper reported.Deutsche Bank’s Russian wing said on Jan. 27 that the managers of Gazprom, which has banking, media and machine tools divisions, should seek to concentrate on their core business of gas production.“We are concerned that the government and Presidential Administration are continuing to view Gazprom as an instrument for solving the country’s problems,” the bank said, quoted by the Associated Press agency.
Russian state-controlled gas giant Gazprom could expand into nuclear power generation under a Kremlin plan, the Vedomosti business daily reported on Friday, Jan. 27.Under the plan, Gazprom would build and control the nuclear plants, while the fall in demand for gas-fueled electricity generation would enable the company to export more of its gas to lucrative foreign markets, the newspaper reported, citing unidentified officials in the Presidential Administration.Last week Russia’s new nuclear chief Sergei Kiriyenko has said that some US$60 billion needs to be invested in 40 new nuclear power plants over the next 25 years.While some managers see advantages in the plan, others say the money would be better deployed developing new, technically challenging, gas fields, the paper reported.Deutsche Bank’s Russian wing said on Jan. 27 that the managers of Gazprom, which has banking, media and machine tools divisions, should seek to concentrate on their core business of gas production.“We are concerned that the government and Presidential Administration are continuing to view Gazprom as an instrument for solving the country’s problems,” the bank said, quoted by the Associated Press agency.
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