Our Arctic Neighbors: Russia brings nuclear power into oil, gas projects

Russia’s state-owned oil and gas giant Gazprom and its equivalent in the nuclear power industry, Rosatom, have signed a six-year cooperation agreement, the companies said Dec. 16. The agreement includes cooperation in the Shtokman natural gas project in the Barents Sea and in hydrocarbon projects on the Yamal Peninsula; and on creating new technologies and developing competitive products for higher efficiency of natural gas and gas condensate exploration, production, transportation, storage and processing.

“Success in implementing Gazprom’s strategic tasks aimed at developing new hydrocarbon production regions is closely linked to the wide application of new technologies and equipment,” said Gazprom’s CEO, Alexei Miller. “The cooperation of Gazprom and Rosatom ensures a high level of innovation for implementation of the joint projects and will allow us to successfully resolve issues of import substitution.”

—Sarah Hurst