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Russia to sell off nearly half of Baltic NPP options to Europe in massive fundraiser

Publish date: August 31, 2009

Russia has expressed interest in offering up to a 49 percent stake in the proposed 2,300-megawatt (MW) nuclear power project in Neman, Kaliningrad – the so-called Baltic Nuclear Power Plant – to neighbouring European countries, the industrialinfo.com news website reported.

The option to buy a stake in the project has been proposed to Poland, Lithuania and Germany, which are expected to receive power from the facility, the website said.  

The nuclear power plant is slated to be located about 15 kilometres from the Russia-Lithuania border and is also close to Poland’s northeastern region.

The power plant, which is still very much in planning stages – is slated to consist of VVER-1000 pressurized water reactors and is expected to provide and electricity supply to areas lacking power-generating sources and infrastructure.

The project is also expected to reduce Europe’s dependence on Russian energy supplies, primarily gas, which Russia has used as a political cudgel in diplomatic disputes primarily with Ukraine. Experts from Poland, Lithuania and Germany will meet soon to discuss the project plan, industrialinfo.com said.

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The role of CCS in Germany’s climate toolbox: Bellona Deutschland’s statement in the Association Hearing

After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.

Project LNG 2.

Bellona’s new working paper analyzes Russia’s big LNG ambitions the Arctic

In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.