February 2021

Moscow-based analysts welcomed the latest OPEC+ decision, which allowed Russia to increase output by 65,000 b/d in February, and a further 65,000 b/d in March. Russia's crude output was 9.10 million b/d in December.

Средняя цена на нефть Urals за период мониторинга с 15 января 2021 года по 14 февраля 2021 года составила $56,99595 за баррель, или $416,1 за тонну.

Unfortunately, nuclear energy in Japan currently accounts for just 6% of total power generation, while its share before the Fukushima nuclear accident was as much as 30%.

"Nuclear power should be right at the heart of green hydrogen production, alongside renewable technology.

If you build an SMR in the U.S., for example, you can’t sell it in Canada until Canadian regulators have approved the design. And the same goes for every other nuclear market in the world. Even nuclear insiders recognize that this could be a big issue for SMRs.

“This development of low carbon and renewable hydrogen will accelerate the construction of new hydrogen infrastructure and the repurposing of current natural gas infrastructure, thus paving the way for net zero in 2050,” Engie and Equinor said in a statement.

PAO NOVATEK released its audited consolidated financial statements for the year ended 31 December 2020 prepared in accordance with International Financial Reporting Standards (“IFRS”).

The reported net loss after tax of US$357 million includes the previously announced impairments, primarily due to lower oil price assumptions.

Brent gained 38 cents, or 0.6%, to $63.73 a barrel. WTI rose 21 cents, or 0.4%, to $60.26 a barrel.

China saw the greatest increase in Asian LNG volumes during 2020, importing 67.4 Mt of LNG, up 11.1% on the 60.7 Mt imported in 2019.