"Thus, Rosatom was identified as the leader of the international consortium for the project to build the first nuclear power plant in Kazakhstan."

The law article aims to maintain the existing nuclear fleet (63 GW). It also aims to raise nuclear capacity by 27 GW by 2050

In view of a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories, and in accordance with the decision agreed upon on 5 December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the eight participating countries will implement a production adjustment of 411 thousand barrels per day in July 2025 from June 2025 required production level.

Gazprom launched supplies via the Power of Siberia pipeline in 2019 under a long-term agreement between Gazprom and China National Petroleum Corporation (CNPC), and supplies have been exceeding annual contractual obligations every year since 2020.

Russia’s nuclear industry today is a powerful complex of more than 580 enterprises located throughout the country – from Kaliningrad to Kamchatka.

The Indonesian government has also announced plans to build a 250 MWe on-grid nuclear power facility, initially targeted for operation by 2032 but now being fast-tracked for completion by 2029.

The JV plans to develop the renewable projects (solar, wind, hybrid, floating solar, BESS, pumped-storage hydropower) in phases, with an initial capacity of 500 MW to ramp up to 2 GW, and to eventually scale up to 5 GW.

Brent rose 25 cents, or 0.4%, to $64.34 a barrel, WTI gained 24 cents, or 0.4%, at $61.13 a barrel.

Rosatom currently supplies 100% of enriched uranium for the Angra NPP and provides the Brazilian market with medical isotopes for cancer diagnosis and treatment,

The aim is to increase US nuclear energy capacity from 100GW to 400GW by 2050,

Brent slipped to $64.58 a barrel, WTI dropped 32 cents, or 0.5%, to $61.25.

Since 2019 China’s energy system seems to be undergoing significant shifts.

Brent fell 39 cents, or 0.6%, to $66.24 a barrel, WTI slipped 36 cents, or 0.6%, to $63.31.

Governments worldwide are recognising the economic and strategic benefits of controlling supply chains for low-carbon technologies. Specifically, China’s dominance in solar PV module production (almost 85% of global production as of 2023) (Statista, 2024a) and battery manufacturing (79% of global EV Li-ion batteries as of 2021) (Statista, 2024b) has spurred rival policies.

The essential role of rare earths is as a multiplier, especially in energy applications. In their absence, they move from multiplier to decelerator, especially for renewables.