Despite the ongoing uncertainty of long-term forecasts for the energy market development, it is clear that natural gas will continue gaining increased importance in the global energy mix. Its consumption is expected to increase by about 20 per cent by 2040 versus 2021.

Dr Fatih Birol, Executive Director of the International Energy Agency (IEA), set the tone for the event by declaring at its outset: “Nuclear power is making comeback—and in a strong fashion.”

Currently, Rosatom fuel company TVEL supplies fuel for Loviisa’s two VVER 440 reactors.

Here at the Department of Energy’s Office of Science, our mission is to deliver scientific discoveries.

Lithium, which, after a refining process, is used to produce cathode materials for lithium batteries, is currently produced almost entirely outside the United States.

The US, Japan and other countries will offer a climate finance deal worth at least $15 billion to help Indonesia shift its coal-dominated power grid away from the polluting fossil fuel.

Masdar, along with its Dutch joint venture company Infinity Power and Hassan Allam Utilities, has signed a memorandum of understanding (MOU) with Egypt’s Ministry of Electricity and Renewable Energy to construct a 10 GW onshore wind project in Egypt.

U.S. commercial crude oil inventories increased by 3.9 million barrels to 440.8 million barrels.

Brent fell 9 cents, or 0.1%, to $95.27 a barrel, WTI fell 20 cents, or 0.2%, to $88.71 a barrel.

China and India remain the main destination for Russian crudes in the wake of the Ukraine war, accounting for 58% of all seaborne Russian crude exports in October.