Saudi Arabia has some of the biggest gas reserves in the world. Development of the Jafurah field, estimated to hold 200 trillion cubic feet of gas, is expected to cost $100 billion and boost the firm’s gas production more than 60% by 2030.

Digital infrastructure is being deployed across various layers of the power grid, from transmission to distribution, enabling better management and optimization of electrical systems.

The IAEA and the OPEC Fund for International Development (OPEC Fund) have formally agreed to strengthen joint efforts to tackle the world’s growing health, food, energy and climate development challenges with nuclear science and technology under a new Practical Arrangement (PA).

Brent rose 40 cents, or 0.5%, to $85.41 a barrel, WTI gained 43 cents, or 0.5%, to $81.26 per barrel.

Russia was able to divert oil exports away from Europe to India and China, securing the much-needed financial flows for its budget, which is in deficit as Moscow spends heavily on defence and security.

That boosted Russia's share in the world's third largest importer and consumer to nearly 41% last month, the data showed.

What are the latest trends in the power and utilities sector?

Brent slid 40 cents, or 0.5%, to $84.84 a barrel, WTI were at $80.34 a barrel, down 39 cents, or 0.5%.

The world’s most populous nation expects to add 15.4 gigawatts in the year through March 2025, the most in nine years, said people familiar with the matter, asking not to be named as the information isn’t yet public.

At the end of 2023, solar and wind accounted for nearly 24% of installed capacity in India, with respectively 73 GW and 45 GW, while hydropower capacity reached nearly 52 GW.

Changes including allowing full foreign ownership of renewable energy projects have already helped secure a pipeline of 99 gigawatts of wind and solar developments.

Brent rose 2 cents to $85.35 a barrel, WTI was down 6 cents to $81.51 per barrel.

В ходе переговоров стороны обсудили двустороннее взаимодействие по всем трекам межправкомиссии, включая вопросы сотрудничества в экономической, энергетической и транспортной сферах, а также в области туризма.

Речь шла о взаимодействии в области строительства энергообъектов на территории Кубы, в том числе нового энергоблока мощностью 200 МВт и сооружении солнечных электростанций мощностью до 360 МВт.

Для ускорения энергетического перехода в России уже внедрены механизмы привлечения инвестиций в строительство объектов ВИЭ, действует программа развития микро-генерации на ВИЭ у граждан и в домашних хозяйствах, внедрена система добровольного изменения объемов потребления потребителями, а также реализуется дорожная карта по развитию систем накопления энергии.