November 2014

Romania's nuclear bridge to the 2030s

On May 28, 2014, the European Commission published its recommendations for the establishment of a European Energy Security Strategy. The core of the proposed strategy strongly highlights the need to increase its indigenous energy production based on a technology level-playing field, reduce its dependence upon external suppliers, and encourage diversity in the energy mix in order to meet its energy needs. 

Will Uzbekistan replace Ukraine in the Eurasian Union?

By Fabio Belafatti

The explosion of the Ukrainian crisis has suddenly cast doubts on the feasibility of the entire project of the Eurasian Economic Union (EaEU). Russian president Vladimir Putin made it very clear that an EaEU without Ukraine would lack an important symbolic component. It’s not just a matter of symbols, though: with Ukraine, the EaEU loses also a massive market, the second largest (after Russia itself) in what the Kremlin would like to be a competitor of the European Union.

Western Priority in Turning to China

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By Svatlana Samojlova

Yesterday in Beijing Russia and China have finally signed the long-expected Memorandum of Cooperation on gas supplies along the “western” way – through the Altai gas pipeline. The Head of Gazprom Alexey Miller noted after the signing of the Memorandum that in a mid-term prospect gas supplies in the People’s Republic of China may exceed export to the countries of the European Union. Meanwhile Vedomosti learnt that Gazprom had not agreed on advance payment in the amount of USD 25 bn for another gas pipeline construction – Sila  Sibiri (the power of Siberia). It means that the competition between Rosneft and Gazprom for the funds of the National Wealth Fund shall escalate as well as the critical interest of Russia in the opening of western credit markets.

UKRAINE SHOULD ESTABLISH AND MAINTAIN STRATEGIC RESERVE

By Michael Gor

Ukrainian society is sufficiently well informed about the situation with gas, coal. But the theme options and stocks of nuclear fuel - at the periphery of public attention, although it is well known that the main suppliers for Ukrainian NPPs is Russia. Ukraine annually buys fuel for approximately $ 600 million. The scale in monetary terms, of course, be compared with the gas, which until recently was purchased for the sum of an average of more than $ 12 billion. Per year. But potential problems with nuclear power are no less palpable than gas or coal.