
Energy Industry
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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The development of a "green" economy, a reduction in the consumption of petroleum products causes the active development of hydrogen energy throughout the world.
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Gas consumption by the European Union (EU) countries in October 2023 increased by 5.1% year-on-year, to 23.6 billion cubic meters amid a revival in the industrial sector and electricity production.
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The West Siberian Scientific and Educational Center in Russia has patented a method for swiftly transforming natural gas into solid granules using biodegradable catalysts. This innovation enables the transportation of gas from fields without the need for pipelines or liquefaction.
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The World Bank (WB) believes that further escalation of the conflict in the Middle East could threaten to increase oil prices by 75% — up to $ 157 dollars per barrel. Such an assessment is given in the October report of the World Bank "Prospects for commodity markets".
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Due to the European embargo imposed from August 10, 2022 on the import of coal from the Russian Federation, the volume of Russian exports by the end of last year sank by 7.5%. China and India are among the main economic partners of Russia at the moment, which partially offset the decline.
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In 2023, global oil demand is expected to grow by 1.9 million barrels per day to a record 101.7 million barrels per day. Almost half of the increase will come from China, which is lifting restrictions in connection with Covid-2019.
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The increasing demand for electricity leads to the need to increase production capacity. From 2010 to 2021, the capacity increase in the global electric power industry reached 58% or 2933 GW
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