Russia Economy Thread
- Thread starter NiuBiDaRen
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China is importing a lot of electricity from Russia
I wonder if this is another avenue of cooperation between the two countries. Russia has too much natural gas, so it can build a few plant on its soil and then more powerful grid line to China and just export electricity directly. Or it can produce hydrogen fuel that way and sell to China. Another possibility is China working with Russia's to build wind turbines in Russia Far East and then Russia can export electricity from that to China. Russia has a lot of large empty swath of land in Far East that could be turned into gold mines by just putting wind turbines on them.
I wonder if this is another avenue of cooperation between the two countries. Russia has too much natural gas, so it can build a few plant on its soil and then more powerful grid line to China and just export electricity directly. Or it can produce hydrogen fuel that way and sell to China. Another possibility is China working with Russia's to build wind turbines in Russia Far East and then Russia can export electricity from that to China. Russia has a lot of large empty swath of land in Far East that could be turned into gold mines by just putting wind turbines on them.
Named the cost of domestic aircraft SSJ New, MS-21 and Tu-214. MC-21 is two times cheaper than the Chinese COMAC C919 and almost three times cheaper than the Boeing 737 Max 8
Import-substituting SSJ New is even cheaper
The authorities have disclosed the cost of domestic liners SSJ New and MS-21. Information about this is contained in the investment project for preferential leasing of Russian aircraft, which has already been signed by Russian Prime Minister Mikhail Mishustin.Named the cost of domestic aircraft SSJ New, MS-21 and Tu-214. MC-21 is two times cheaper than the Chinese COMAC C919 and almost three times cheaper than the Boeing 737 Max 8
It follows from the document that the minimum cost of an import-substituting SSJ New for Aeroflot will be 2.256 billion rubles (approximately $33 million at the current exchange rate), the cost of the MS-21 and the passenger Tu-214 is the same and will amount to 3.144 billion rubles (approximately $46 million). ).
Both SSJ New and MS-21 are, to a greater or lesser extent, analogues of the Chinese COMAC C919, the European Airbus A320 neo and the American Boeing 737 Max. And here, of course, it is interesting to compare prices.
The cost of the Chinese COMAC C919 at the current exchange rate is approximately $100 million - in the production version, this aircraft turned out to be much more expensive than expected at the design stage. The price of the Airbus A320 neo is about $110 million, the Boeing 737 Max 8 is about $121.5 million. It turns out that domestic airliners will cost their operators much cheaper than if they bought foreign aircraft.
Recall that earlier the Deputy Prime Minister of the Russian Federation and the head of the Ministry of Industry and Trade Denis Manturov said that Aeroflot would receive 18 MS-21, 34 SSJ New and 11 Tu-214 aircraft within three years . As follows from the investment leasing project, Aviacapital-Service (a subsidiary of Rostec) will purchase all these aircraft. During the project implementation period, the cost of SSJ New will increase by 9.2%, to 2.464 billion rubles. including VAT, and MS-21 and Tu-214 - by 4.5%, to 3.285 billion. The cost of all 63 aircraft will be 175.4 billion rubles, all this amount will be attracted from the National Welfare Fund.
I think high tech manufactured goods are generally cheaper when you consider low production volume. It just show impact of low debt level of government and society.
MS-21 is wider plane than A320/B737 with large interior bins of wide body that helps in quick turn around.
SSJ new is more in A320 class. more powerful engines can easily lengthened the airframe. SSJ is now used in practically same routes as A320. It is width of plane that define the class. narrow body vs wide body. these prices are with low serial production when you compare it with Boeing/Airbus.
Battery plant for EV buses. upto 2000 EV buses.
Battery plant for approximate 50K vehicles cost $370m. Easily scalable to 200K vehicles.
MS-21 is wider plane than A320/B737 with large interior bins of wide body that helps in quick turn around.
SSJ new is more in A320 class. more powerful engines can easily lengthened the airframe. SSJ is now used in practically same routes as A320. It is width of plane that define the class. narrow body vs wide body. these prices are with low serial production when you compare it with Boeing/Airbus.
Battery plant for EV buses. upto 2000 EV buses.
Battery plant for approximate 50K vehicles cost $370m. Easily scalable to 200K vehicles.
Russia is extending their eVisa which started last year to quick-approve travel visas for Chinese tourists. Russia also polled as one of the most desired tourist destinations this year for China. Hopefully this'll be the start of a growing trend of loosened border restrictions and cross-cultural exchanges.
Statements by Russian Deputy Prime Minister Alexander Novak :
◾️Russian budget revenues from the oil and gas industry grew by 28% in 2022, despite the sanctions imposed by the West.
In 2022, coal production in Russia increased by 0.3%, to 442 million tons;
◾️In 2022, Russia increased the production and export of liquefied natural gas (LNG) by 8%, to 46 billion cubic meters.
◾️Oil exports from Russia in 2022 increased by 7%;
◾️484 billion cubic metres of gas were supplied to the domestic market of the Russian Federation in 2022;
◾️Gas supplies via the Power of Siberia to China in 2022 amounted to 15.5 billion cubic meters;
◾️Electricity production in Russia grew by 0.7% in 2022, consumption by 1.5%;
◾️In the new regions of the Russian Federation, more than 3.5 thousand kilometres of power lines and four power units at stations were restored;
Sanctions are working !
@Slavyangrad
◾️Russian budget revenues from the oil and gas industry grew by 28% in 2022, despite the sanctions imposed by the West.
In 2022, coal production in Russia increased by 0.3%, to 442 million tons;
◾️In 2022, Russia increased the production and export of liquefied natural gas (LNG) by 8%, to 46 billion cubic meters.
◾️Oil exports from Russia in 2022 increased by 7%;
◾️484 billion cubic metres of gas were supplied to the domestic market of the Russian Federation in 2022;
◾️Gas supplies via the Power of Siberia to China in 2022 amounted to 15.5 billion cubic meters;
◾️Electricity production in Russia grew by 0.7% in 2022, consumption by 1.5%;
◾️In the new regions of the Russian Federation, more than 3.5 thousand kilometres of power lines and four power units at stations were restored;
Sanctions are working !
@Slavyangrad
one thing that could be good is set up wind turbine R&D centers in Russia in addition to selling Russia wind turbines, to sell electricity to China. Russia has pretty good mechanical engineering capabilities, though when it translates into actual production, there are quality issues, so why not take advantage of their engineering capability for i.e. modeling and component development, and leave the production and core IP in China? Also helps them keep engineering talent that might otherwise leave the country.