The auction will award up to €800 million to renewable hydrogen producers in the European Economic Area (EEA). The support will take the form of a fixed premium in €/kg of renewable hydrogen produced over ten years of operation, therefore targeting the gap between the production costs and the demand’s willingness to pay.

CNNC said the recent achievement “once again broke the operation record of China's nuclear fusion devices based on magnetic confinement, overcoming many technical challenges”. It added: “This milestone holds great importance in China's nuclear fusion energy development, signifying a crucial step forward in the research of high-performance nuclear fusion plasma operation.

The Worldwide Rig Count for August was 1,788, down 32 from the 1,820 counted in July 2023, and down 37, from the 1,825 counted in August 2022.

Brent was up 17 cents, also 0.2%, at $87/bbl, WTI up 13 cents, or 0.2%, at $83.76 a barrel.

The surge in new coal plant approvals, which began after power shortages last year, is raising questions about China’s commitment to that new role,

IT has enabled power companies to improve their operational efficiency by automating processes, reducing downtime, and minimizing errors.

Brent fell 16 cents, or 0.2%, to $83.20 a barrel, WTI fell 18 cents, or 0.2%, to $78.91 a barrel.

«Китай и Индия – наши стратегические партнёры в части выстраивания нового, справедливого энергорынка и торговой инфраструктуры. Россия остаётся крупнейшим поставщиком нефти в Китай и Индию, экспортируются и другие энергоносители – газ, уголь», –

Стороны обсудили возможности расширения сотрудничества в отраслях ТЭК, в том числе в нефтегазовой сфере, электро- и гидроэнергетике.

While South Africa and Russia back the addition of new members, India is wary of the group becoming a mouthpiece for China, and Brazil is worried about alienating the West.