Russia aims for 25% of global nuclear fuel services market

MOSCOW, April 19 (RIA Novosti) - Russia aims to garner a quarter of the global market for the supply of nuclear fuel cycle services, a Russian nuclear services export company said Wednesday.

Alexei Grigoryev, a first deputy director general of Techsnabexport, Russia's state-controlled uranium supplier and provider of uranium enrichment services, said the country intended in particular to expand in the Asia-Pacific region.

Grigoryev said: "We are continuing to develop our relations with Japan. We held recently a number of working meetings, from which we hope that in 2006-2007 the portfolio of Russian orders in Japan receive a boost, both in terms of the quality of nuclear fuel cycle services, and in terms of their quantity. We now have 10% of the Japanese market, and our future goal, by the end of the decade, is to take 20-30% of Japan's nuclear energy market. In monetary terms this implies tens of millions of dollars per year."