Green bonds are a rapidly expanding category of fixed-income securities that raise capital for projects with environmental benefits, such as renewable energy or low-carbon transport.

The list of "green" activities includes nuclear power, the production of which does not produce direct CO2 emissions, which puts it on a par with renewable sources of generation.

At the same time, hydrogen is a secondary energy source, i.e. additional energy is required to produce it, which has an effect on its cost price.

The consortium behind Nord Stream 2 has pushed ahead with construction despite growing political pressure.

Though Russia suffered a relatively modest recession amid the pandemic last year, the recovery is expected to be sluggish and a jolt of state spending could help accelerate it. Russia has invested billions from the fund in the past in projects linked to big state companies.

Under the carbon-neutral arrangements, Gazprom and Shell in partnership offset the carbon footprint of the cargo with VCS (Verified Carbon Standards) and CCB (Climate, Community and Biodiversity) emission certificates.

Moscow sees global oil supply in a deficit of 1 million-2 million b/d at the moment, as the world economy continues to recover driving oil demand up by 5.5 million b/d this year.

Rosatom’s Research Institute of Atomic Reactors (NIIAR) and the AA Bochvar Research Institute of Inorganic Materials (VNIINM), part of TVEL fuel company, have completed new stages in the development of Russian accident tolerant fuel (ATF) for VVER and pressurised water reactors.

Four Russian-designed VVER-1200 pressurised water reactors are planned for El Dabaa, which is on the Mediterranean coast, 170km west of Alexandria and Zafraana on the Gulf of Suez.

At the end of 2020, nuclear power's share of Russia's energy mix stood at 20.28%.

Russian President Vladimir Putin and Turkish President Recep Tayyip Erdogan joined the ceremony via videoconference. Energy and Natural Resources Minister Fatih Dönmez, ROSATOM Director General Alexey Likhachev and Akkuyu Nuclear JSC CEO Anastasia Zoteeva were present at the Akkuyu NPP site.

PJSC LUKOIL today released its audited consolidated financial statements for 2020 prepared in accordance with the International Financial Reporting Standards (IFRS).

Overall conformity with the original decision was 103 per cent, reinforcing the trend of aggregate high conformity by participating countries.

Combined, the so-called OPEC+ alliance produced 37.83 million b/d, its lowest since October, the survey found, putting the group's compliance with its quotas at 113.5%.

According to the agreement, the OPEC+ alliance, which controls about half of the world's production capacity, will mostly maintain its quotas, with Russia allowed a 130,000 b/d increase and Kazakhstan a 20,000 b/d rise, while Saudi Arabia said it would continue implementing its voluntary cut