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  Thursday, September 19, 2019
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Russia and China look set to take their already substantial energy cooperation to a new level
Russia and China look set to take their already substantial energy cooperation to a new level, as a Russian official from the country's top civilian nuclear body said Tuesday that Beijing was ready to join efforts to construct floating nuclear power plants. "China has openly stated it was willing to cooperate in this field, including in terms of investment," said Vitaly Ryabov, a department head at the Federal Agency for Nuclear Power. The official's comments echo a source in a Russian delegation that visited Beijing last fall who said that China was considering extending a loan for the construction of one such unit in northern Russia. If the plans are followed through, it will be the latest chapter in Russia's dealings with its energy-hungry neighbor, following the signing of a contract to supply Beijing with 80 billion cubic meters of natural gas a year earlier this month. Russia already supplies China with Siberian crude, and an offshoot of a proposed pipeline to the Pacific Ocean could lead to a substantial increase in oil bound for the rapidly developing Asian giant. With China set to up its nuclear energy capacities dramatically by 2020, Russia's nuclear agency is showcasing the country's achievements in the field at the Nuclear Industry China 2006 exhibition, running in Beijing from March 28 through 31, which brings together producers and suppliers of equipment and technology for nuclear power plants. It is one of the events on the program of the Year of Russia in China, a series of cultural, economic and other events designed to promote bilateral ties. Ryabov said Russia regarded China as a promising partner in the sphere of peaceful nuclear energy and was conducting joint research with the country into fast breeder reactors.
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