February 2022

Two newly announced North American initiatives aim to accelerate the deployment of fusion technologies for power generation. In Canada, Bruce Power, General Fusion, and the Nuclear Innovation Institute (NII) will work together to evaluate potential deployment of a fusion power plant in Ontario.

Called Snowflake – but also known by the less eloquent ‘Arctic Hydrogen Energy Applications and Demonstrations’ project – the facility will be a year-round scientific hub for the development, testing and maturation of carbon-free technologies robust enough to operate in extreme Arctic conditions.

U.S. commercial crude oil inventories decreased by 1.0 million barrels from the previous week to 415.1 million barrels.

Brent was down 43 cents/b (0.48%) from the previous close to $89.04/b, WTI fell 60 cents/b (0.68%) at $87.66/b.

В целом страны ОПЕК+ успешно исполняют рекомендации по наращиванию добычи: исполнение сделки в декабре 2021 года достигало 122%.

Reconfirm the production adjustment plan and the monthly production adjustment mechanism approved at the 19th ONOMM and the decision to adjust upward the monthly overall production by 0.4 mb/d for the month of March 2022.

Средняя цена на нефть марки Urals в январе 2022 года сложилась в размере $85,64 за баррель, что в 1,6 выше, чем в январе 2021 года ($54,41 за баррель).

The Commission said that, after taking account of scientific advice and current technological progress, it considers there is a role for private investment in gas and nuclear activities in the transition.

Ожидаемый объем дополнительных нефтегазовых доходов федерального бюджета, связанный с превышением фактически сложившейся цены на нефть над базовым уровнем, прогнозируется в январе 2022 года в размере +493,2 млрд руб.

In January 2021, Azerbaijan started commercial gas supplies to Europe via the Trans-Adriatic Pipeline, which entered operations in November 2020.