January 2022

Saudi Arabia is one of the countries that Rosatom is ready to work with when the kingdom puts out tenders, including to provide the fuel or build the plants, Alexander Voronkov, CEO of Rosatom Middle East & North Africa, told at Rosatom Week being held at EXPO 2020 in Dubai.

Moscow plans to build a new pipeline to China, which could give Russia the power to sell gas to the highest bidder, pitting Chinese and European consumers against one another.

Trade unions at the French energy giant EDF are calling for strike action next week over government measures designed to control fuel bill rises, which the company estimates could cost it as much as EUR8.4 billion (USD9.5 billion).

Engie plans to create a green hydrogen hub in the UAE and potentially other regions in a deal worth $5 billion, with the first 200 MW green hydrogen and ammonia project being developed in Abu Dhabi.

In 2022, the country is expected to commission 2,950 MW of power capacity and to build 4,632 km of transmission lines.

The country aims to raise the solar and wind capacity to 8,000 MW by 2026.

Brent rose 87 cents, or 1%, to $88.38 a barrel, WTI climbed $1.03, or 1.2%, to $86.46 a barrel.

За десятилетия стабильного сотрудничества деловые отношения России и Ирана приобрели многоплановый характер, особенно в сфере энергетики, отметил Александр Новак в ходе встречи.

Global oil demand is seen rising 3.5 million barrels per day (bpd) year-on-year in 2022, with fourth-quarter demand reaching 101.6 million bpd.

There has also been signs of decoupling between the Russian Ruble and the BRENT Oil price as shown on the chart since the start of 2021.