The British government asked its nuclear regulator to start the approval process in March, having backed Rolls-Royce's $546 million funding round in November to develop the country's first SMR reactor.

The renewable capacity (excluding large hydro) in India reached 100 GW in August 2021, i.e. just over half of the 2022 target (175 GW).

In October 2021, Sunseap signed an MoU to explore and develop solar power systems with a combined capacity of 7 GW around the Riau islands, including a previously announced 2.2 GW floating solar PV in Duriangkang, Batam.

Sri Lanka is looking at nuclear power as part of measures to increase and diversify its power capacity as well as cut its carbon emissions as it seeks to achieve a carbon neutral electricity sector by 2050.

Brent was down $1.41, or 1.2%, to $111.75 a barrel, WTI fell $1.64, or 1.5%, to $106.57 a barrel.

The presidents exchanged greetings on the 60th anniversary of diplomatic relations between the two countries marked this year and noted that Russia and Algeria enjoy steady and consistent development of friendly ties.

OPEC+, which groups OPEC and allies led by Russia, agreed last month to another modest monthly oil output boost of 432,000 bpd for May, resisting pressure by major consumers to pump more.

Crude exports rose to 7.307 million b/d in February, the highest since the record 10.237 million b/d, from 6.996 million b/d in January, the JODI data published April 18 showed. Production climbed to 10.225 million b/d from 10.145 million b/d.

Sources said that India bought 5,500 kcal/kg NAR coal from Russia at $160-$165/mt CFR India for an April-loading Capesize ship in the week ended April 16, adding that the freight between Russia and West coast India was at around $35-$36/mt.

To meet the strong domestic demand, South Korea's LNG imports led by Kogas jumped 18% year on year to 4.992 million mt in March despite higher imports prices, as part of efforts to build up stockpiles amid rising import prices due to the ongoing Ukraine-Russia crisis.