Best of the Week
Most Popular
1. US Housing Market House Prices Bull Market Trend Current State - Nadeem_Walayat
2.Gold and Silver End of Week Technical, CoT and Fundamental Status - Gary_Tanashian
3.Stock Market Dow Trend Forecast - April Update - Nadeem_Walayat
4.When Will the Stock Market’s Rally Stop? - Troy_Bombardia
5.Russia and China Intend to Drain the West of Its Gold - MoneyMetals
6.BAIDU (BIDU) - Top 10 Artificial Intelligence Stocks Investing To Profit from AI Mega-trend - Nadeem_Walayat
7.Stop Feeding the Chinese Empire - ‘Belt and Road’ Trojan Horse - Richard_Mills
8.Stock Market US China Trade War Panic! Trend Forecast May 2019 Update - Nadeem_Walayat
9.US China Trade Impasse Threatens US Lithium, Rare Earth Imports - Richard_Mills
10.How to Invest in AI Stocks to Profit from the Machine Intelligence Mega-trend - Nadeem_Walayat
Last 7 days
How To Time Market Tops and Bottoms - 24th June 19
5 basic tips to help mitigate the vulnerability inherent in email communications - 24th June 19
Will Google AI Kill Us? Man vs Machine Intelligence - 24th June 19
Why are Central Banks Buying Gold and Dumping Dollars? - 23rd June 19
Financial Sector Paints A Clear Picture For Stock Market Trading Profits - 23rd June 19
What You Should Look While Choosing Online Casino - 23rd June 19
INTEL (INTC) Stock Investing to Profit From AI Machine Learning Boom - 22nd June 19
Here’s Why You Should Drive a Piece of Crap Car - 22nd June 19
How Do Stock Prices React to Fed Interest Rate Cuts? - 22nd June 19
Gold Bull Market Breaking Out! - 21st June 19
Post-FOMC Commentary: Delusions of Grandeur - 21st June 19
Gold Scores Gains as Draghi and Powel Grow Concerned - 21st June 19
Potential Upside Targets for Gold Stocks - 21st June 19
Gold Price Trend Forcast to End September 2019 - 21st June 19
The Gold (and Silver) Volcano Is Ready to Erupt - 21st June 19
Fed Leaves Rates Unchanged – Gold & Stocks Rally/Dollar Falls - 21st June 19
Silver Medium-Term Trend Analysis - 20th June 19
Gold Mining Stocks Waiting on This Chart - 20th June 19
A Key Gold Bull Market Signal - 20th June 19
Money Saving Kids Gardening Growing Giant Sunflowers Summer Fun - 20th June 19
Investing in APPLE (AAPL) to Profit From AI Machine Learning Stocks - 20th June 19
Small Cap Stocks May Lead A Market Rally - 20th June 19 -
Interest Rates Square Minus Zero - 20th June 19
Advice for Financing a Luxury Vehicle - 20th June 19
Stock Market Final Blow Off Top Just Hit… Next Week Comes the FIREWORKS - 20th June 19
US Dollar Rallies Off Support But Is This A Top Or Bottom? - 19th June 19
Most Income Investors Are Picking Up Nickels in Front of a Steamroller - 19th June 19
Is the Stock Market’s Volatility About to Spike? - 19th June 19
Facebook's Libra Crypto currency vs Bitcoin: Five Key Differences - 19th June 19
Fed May Trigger Wild Swing In Stock Index and Precious Metals - 19th June 19
How Long Do Land Rover Discovery Sport Brake Pads Last? - 19th June 19
Gold Golden 'Moment of Truth' Is Upon Us: $1,400-Plus or Not? - 18th June 19
Exceptional Times for Gold Warrant Special Attention - 18th June 19
The Stock Market Has Gone Nowhere and Volume is Low. What’s Next - 18th June 19
Silver Long-Term Trend Analysis - 18th June 19
IBM - Watson Deep Learning - AI Stocks Investing - Video - 18th June 19
Investors are Confident, Bullish and Buying Stocks, but… - 18th June 19
Gold and Silver Reversals – Impossible Not to Notice - 18th June 19
S&P 500 Stuck at 2,900, Still No Clear Direction - 17th June 19
Is Boris set to be the next Conservation leader? - 17th June 19
Clock’s Ticking on Your Chance to Profit from the Yield Curve Inversion - 17th June 19
Stock Market Rally Faltering? - 17th June 19
Johnson Vs Gove Tory Leadership Contest Grudge Match Betfair Betting - 17th June 19
Nasdaq Stock Index Prediction System Is Telling Us A Very Different Story - 17th June 19
King Dollar Rides Higher Creating Pressures On Foreign Economies - 17th June 19
Land Rover Discovery Sport Tailgate Not Working Problems Fix (70) - 17th June 19
Stock Market Outlook: is the S&P today just like 2007 or 2016? - 17th June 19

Market Oracle FREE Newsletter

Gold Price Trend Forecast Summer 2019

Russia Offers Indonesia Floating Nuclear Power Station

Commodities / Energy Resources Oct 19, 2010 - 06:59 AM GMT

By: Pravda

Commodities

Russia has offered Indonesia to cooperate in the nuclear field. The offer stipulates the construction of the first nuclear-powered electric power plant in the country. Russian experts believe that Indonesia, being the country of many islands, may show interest in Russia's state-of-the-art technology of building floating nuclear power plants.


For the time being, it goes about the construction of a conventional nuclear power plant on Indonesia's largest island, Sumatra. The deal with Indonesia may trigger the speedy development of the Russian nuclear industry as Russia may obtain prospects for entering the markets of other Asian countries such as China, Turkey and Vietnam.

"Taking into consideration the fact that Indonesia is a large archipelago, it may go about the construction of floating nuclear power plants. I believe that this project will be one of the arguments that will attract Indonesia's attention and the country will accept Russia's nuclear cooperation offer," State Duma official Igor Igoshin said.

In the beginning of July, Russia launched the head floating power block "Akademik Lomonosov" in St. Petersburg. The block will become the first element of the world's first-ever floating nuclear powered station. The station will hold the capacity of producing electric power and heat for 200,000 people. If the station is used for processing sea water, it will be able to produce 240,000 cubic meter of fresh water a day.

The market of desalinated water was evaluated at $3 billion in 1995. The market value will grow to $12 billion a year by 2015, according to the IAEA. The shortage of fresh water in the world will increase to 1.3-2.0 trillion cubic meters a year, according to the UN. The basic consumers of desalinated water are situated in the Middle East (70%), in Europe - 9.9%, in the USA - 7.4% (presumably California and Florida), in Africa - 6.3% and in Asia - 5.8%.

For the time being, it is too early to ascertain that Indonesia will agree to cooperate with Russia in the field of the nuclear industry. Indonesia has been planning the construction of the nuclear power plant for many years, but the government still tries to win the support of the population for the project. Indonesia does not conduct any direct talks on the matter yet in spite of the fact that the IAEA approved the project and the construction locations have been set. Russia, being one of the world leaders in the nuclear industry, hopes to take part in the tender for the construction of the nuclear power plant in Indonesia, and the project will be launched sooner or later.

Indeed, Indonesia and Russia have much more in common than it may seem at first sight. Russia is the largest country on the planet, whereas Indonesia is the world's largest island state. It has more than 13,600 islands of which over 6,000 are inhabited.

Like Russia, Indonesia presumably exports oil and gas. Indonesia used to be the world leader in terms of the production and sales of liquefied natural gas. The nation's share in this business has been declining during the recent years, having dropped from 20% in 2002 to 16.7% in 2005. However, it still remains a major supplier of liquefied gas in the Asian-Pacific region.

It is worthy of note that Indonesia may become the world leader in geothermal energy. There are from 500 to 600 volcanoes in Indonesia (129 active volcanoes). The country holds up to 40% of world's reserves of underground heat that can be used in the energy industry.

The development of geothermal branch of the energy industry may considerably reduce the consumption of oil already during the forthcoming five years. By 2025, Jakarta plans to ensure the production of geothermal energy of 9,000 megawatts which will save four billion of barrels of oil.

Sergey Nikolayev
Bigness

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2019 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in

6 Critical Money Making Rules