Nuclear's share of energy in the UK is currently about 16%, however almost half of the country's current capacity is due to be retired by 2025 and all but one of its reactors will retire by 2030.

While the US has already banned imports of Russian oil, gas and coal, it could escalate energy pressure through secondary sanctions on other countries that continue to import the supplies.

Our relations are a strategic partnership, even a specially privileged strategic partnership, as our Indian friends called it some time ago.

Acceleration of the energy transition is essential for long-term energy security, price stability and national resilience.

China will pursue its strategy to reduce the share of coal in its energy consumption, aiming to reach 17.3% of non-fossil energies in its total energy consumption in 2022, up from 16% in 2020.

Sinopec's crude oil production almost reached 280 mbl in 2021 (39 Mt, -0.2% on 2020), including 250 mbl in China (stable) and 30 mbl overseas (-1.8%).

The sanctions against Russia are the hardest we have seen against any country to date and in particular the decision to freeze $600bn of Russian foreign reserves is a first, which will have huge consequences in the long-term.

Speaking to the Bundestag parliament, Scholz said German will continue to look to reduce its dependency on Russian oil and gas but warned "hasty" action could trigger a recession.

By 2025, carbon-free energy sources should account for 20% of the energy mix and 39% of the power mix.

The Saudi Arabian Oil Company (“Aramco” or “the Company”) announced its full-year 2021 financial results, reporting that net income more than doubled year-on-year to $110.0 billion. Aramco declared a fourth quarter dividend of $18.8 billion, to be paid in the first quarter of 2022.

Preliminary production figures for February 2022 show an average daily production of 1 980 000 barrels of oil, NGL and condensate.

Saudi Arabia and the United Kingdom signed a memorandum of understanding to establish a strategic partnership council. Earlier, Johnson met the Crown Prince of Abu Dhabi, Sheikh Mohamed bin Zayed Al-Nayhan, in Abu Dhabi.

In 2021, Russia was the largest natural gas-exporting country in the world, the second-largest crude oil and condensates-exporting country after Saudi Arabia, and the third-largest coal-exporting country behind Indonesia and Australia.

"Russia's oil and petroleum product exports to India have approached $1 billion, and there are clear opportunities to increase this figure," said Russia's Deputy Prime Minister Alexander Novak, according to a statement shared by Russia's embassy in India late on Friday.

"We have good prospects and a common interest in continuing coordination on the global energy market, including within the framework of the Gas Exporting Countries Forum," Lavrov said at a press conference in Moscow following talks with his Qatari counterpart.