Energy Industry

The signing of a memorandum on the organization of Russian gas supplies to Iran between Gazprom and the National Iranian Gas Company (NIGC) will turn the Islamic Republic into a regional gas hub and will become the foundation for concluding larger Russian-Iranian contracts.

Australia is set to become a key player in the development and deployment of low carbon liquid fuels, including Renewable Diesel and Sustainable Aviation Fuel (SAF) with renewable fuels forming a key component of the 2024-25 Federal Budget and the highest funded transport decarbonisation priority in this year’s budget.

Vladimir Putin and Egyptian President Abdel Fattah al-Sisi launched the construction of the fourth power unit of the country's first nuclear power plant via videoconference.

Gas extraction from underground storage facilities (UGS) in Europe has reached a maximum since February 2021 and exceeds 900 million cubic meters per day against the background of significant fall in temperature. The total reserves in the EU UGS dropped below 83%

The oil market began 2024 as a whole without much change - with prices at about $ 80 per barrel of Brent

Belarusian experts are working on the possibility of building new nuclear power units in the republic, taking into account the growth of energy consumption in the fifteen-year perspective

In 2023, Asian nations, predominantly China, emerged as the primary importers of Russian oil, marking a significant shift in Russia's oil export strategy

Kazakh oil and gas company Kazmunaigas (KMG), Chinese Sinopec and Hungarian MOL have put into commercial operation the large Rozhkovskoye gas condensate field in the West Kazakhstan region

The Bolivian state-owned company Yacimientos de Litio Bolivianos (YBL) and the mining company of Rosatom - Uranium One Group, have signed an agreement on the construction of a lithium processing plant in the department of Potosi.

The coal mining industry is still considered a promising industry at the global level, and coal itself is the most affordable fuel. And this is despite the process of transition of many developed countries to green energy