The U.S. and some European opponents of Nord Stream 2 say it will make Europe too reliant on Russian gas, allowing Moscow to expand its political, economic and military influence. But other governments say it is vital to secure energy supplies, as gas prices surge and the threat of power outages looms.

Daily average output was up on 10.85 mil b/d in October. Total production volumes in October were 45.91 mil mt.Output was up 8.6% on the 41.03 mil mt, or 10.03 mil b/d in November 2020.

"Nuclear power enables rapid decarbonisation on a massive scale, and it has the track record to prove it."

A very cold winter could trigger increased gas demand for heating and power generation at a time when European gas stocks remain well below the average for the time of year and supply from Russia continues to disappoint.

Natural gas consumption increased very rapidly between 2000 and 2019 (3%/year) and then dropped by 3% in 2020 to 40 bcm.

"We need to monitor how the situation develops, we must carefully monitor the market. There is no need to make hasty decisions," Novak said.

The Duma ratified the protocol amending the 2014 agreement between the governments of the Russian Federation and Hungary on the provision the loan (the protocol was signed in Moscow and Budapest in May).

FERC's latest monthly "Energy Infrastructure Update" report (with data through September 30, 2021) reveals that renewable energy sources accounted for 87.61% - or 16,665 megawatts (MW) - of the 19,022 MW of new capacity added during the first nine months of the year.

Natural gas prices also had an impact on November's power prices. At the Houston Ship Channel, spot gas this November has averaged $4.788/MMBtu, down from October's $5.29/MMBtu but up from November 2020's $2.597/MMBtu.

NIOC has planned that, God willing, if the assumptions and requirements of these plans are provided, in the next 10 years, daily gas production will reach 1.5 billion cubic meters and crude oil production capacity will reach 5 million barrels.