A 800 megawatt tidal power plant will be built in the Dolgaya Bay in the Kola Peninsula. According to regional media, the new power generator will supply the necessary energy to the whole northern part of the peninsula.
A merger between Ishavskraft AS and Troms Kraft Marked, creates the largest energy company in northern Norway. The company, which will be called Ishavskraft, has Finnish energy major Fortum Markets as one of it’s co-owners.
A representative of a local fishing and hunting organisation in the Komi Republic has gone to court against regional oil major Lukoil-Komi because of the company’s sealing off of major areas nature around its production facilities.
“The Arctic will not provide the magical solution we are looking for, but guaranteeing Europe’s energy security justifies the exploration of even the most hostile environments in the search for more oil and gas stocks, EU’s Energy Commissioner Andris Piebalgs said in a seminar last week.
The difficult financial situation will not result in delays in Gazprom’s Bovanenkovo field in Yamal, a company representative underlines. The huge 4,9 trillion cubic meter gas field will be in production in the first half of 2011, he says.