Russia to use space tech to develop energy sector

Russia to use space tech to develop energy sector


Moscow, Russia: Russia will employ technologies, initially meant for outer space research programmes, to develop its vast energy sector, Energy Ministry said. In addition, the ministry said in a statement that it has signed a long-term agreement with Russian space agency Roscosmos which foresees usage of GLONASS, to remotely “probe” the Earth.

The agreement also aims to secure effective exploration, production, transportation and usage of the energy resources by employing modern space technologies, products and services.

Modernisation is a key goal of President Dmitry Medvedev, who wants to encourage high technology sectors in a country whose dependency on oil and gas was a key reason for it being the worst performer in the G20 during the latest economic crisis.

Source: Reuters