Energy Industry

Energy Industry

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.
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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.
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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%
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The oil market began 2024 as a whole without much change - with prices at about $ 80 per barrel of Brent
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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
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In 2023, Asian nations, predominantly China, emerged as the primary importers of Russian oil, marking a significant shift in Russia's oil export strategy
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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
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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.
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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
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Gas withdrawal from European underground storage facilities (UGSF) in November 2023 turned out to be 25% higher than last year
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