2022

China aims to boost its pumped storage capacity to 62 GW by 2025 and 120 GW by the end of the decade.

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.

The country aims to instal 30 GW of offshore wind by 2030.

Saudi Arabia plans to generate 15109 gigawatt hours of electricity from renewable sources by 2024, supplying 692,557 houses with energy, the Kingdom's Gastat said on its website.

The Iranian Energy Ministry announced, last week, a plan to add another 10GW of renewable energy capacity over the next four years as part of an overall strategy to deploy 30GW of power generation capacity.

The country's installed capacity reached 99.8 GW by the end of 2021 (up from over 96 GW in late 2020).

The Spanish energy group Iberdrola has reached an agreement with the Philippine wind developer Triconti ECC Renewables and Switzerland's Stream Invest Holding to develop five offshore wind projects in the Philippines with a total capacity of 3.5 GW.

Brent were up 6 cents, or 0.07%, at $83.78 a barrel, WTI rose 20 cents, or 0.3%, to $81.42 a barrel .

Brent crude oil spot prices averaged $71 per barrel (b) in 2021, and we forecast Brent prices will average $75/b in 2022 and $68/b in 2023.

Global coal demand may well hit a new all-time high in the next two years