Russia focuses on nuclear energy
While investment opportunities still exist in the liquefied natural gas (LNG) sector of the Russian energy industry for the construction of gas liquefaction plants, the Government has turned its focus on the nuclear power generation sector. The idea is to attract significant foreign investment by diversifying and transmitting nuclear energy through the establishment of various nuclear plants and other technologies.
New Country Industry Forecasts, from Frost & Sullivan, show that particular opportunities exist in the oil and electricity as well as nuclear energy sectors of the industry.
The increasing nuclear power generation is expected to trigger demand for nuclear power reactors and nuclear gas turbines. Russia is emphasising on upgrading and maintaining its old reactors and nuclear plants to enhance the electricity generation.
The demand for electricity and natural gas may rise steeply due to an expected boom in automobile sector, an increase in the number of households, urbanisation, and growth in the transport sector. Russia is trying to stave off energy security-related challenges by encouraging energy-efficient consumption patterns among Russian households.
Fore more information, visit www.frost.com
