Australia is seeing a rapid rise in the addition of solar power and has over 80 hydrogen projects planned, with renewable energy-based schemes outnumbering blue hydrogen schemes.

"For example," said Grabchak, "a project for the construction of a Primorsky nuclear power plant is being worked out today." He did not give any further details, but said that President Vladimir Putin had instructed officials to update plans for both nuclear and hydro development by the end of this year.

Saudi Arabia also intends to develop carbon capture use and storage (CCUS), and to reduce global methane emissions in 2030 by 30% relative to 2020 levels. It will focus on energy efficiency in industry, building and land transportation and plans to retrofit the entire pool of public and governmental assets and facilities.

As of end-2020, China had nearly 282 GW of installed wind capacity, and over 253 GW of solar capacity.

Australia's adoption of a net zero emissions target is significant as it is one of the largest producers and exporters of fossil fuels and falling in line with the UN mandated net zero pledge would signal there could be tighter regulations on emissions reduction.

Known as ROSA-N, the new model was developed by scientists in Rosatom's Proryv (Breakthrough) project, which works towards deployment of fast reactors and a closed nuclear fuel cycle.

A meeting of the joint working group of Gazprom and the Government of Mongolia on the implementation of the Memorandum of Understanding regarding the project for pipeline gas supplies from Russia to China across Mongolia took place today in Ulan-Bator, Mongolia.

U.S. Rig Count is down 1 from last week to 542, Canada Rig Count is down 4 from last week to 164.

Global energy-related carbon dioxide (CO2) emissions will increase for countries both inside and outside of the Organization for Economic Cooperation and Development (OECD) over the next 30 years under current laws and regulations.

Tepid production and strong global LNG export demand have helped to push NYMEX gas futures prices for the coming months beyond $5/MMBtu.