The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published at the weekend. “Existing nuclear plants alone will need 50 billion euros of investment from now until 2030. …

The major TAPI gas pipeline project – for Turkmenistan-Afghanistan-Pakistan-India – has not been completed despite the fact that it was kicked off decades. During this time Afghanistan has seen the collapse and establishment of various governments. TAPI is considered one of the major development projects in the region. After Turkmenistan …

The Three Gorges Hydroelectric Power Station on China’s Yangtze River has generated 103.6 billion kWh of electricity in 2021, according to the China Three Gorges Corporation. The clean energy it produced is estimated to be equivalent to the electricity generated by 31.8 million tonnes of standard coal, respectively reducing carbon …

The European Union will need to invest 500 billion euros ($568 billion) in new generation nuclear power stations from now until 2050, the bloc’s internal market commissioner said in an interview published over the weekend. “Existing nuclear plants alone will need 50 billion euros of investment from now until 2030. …

The US Energy Information Administration (EIA) said on Sunday that Iraqi crude oil exports to the US dropped to 226 thousand barrels per day (bpd) during the past week. According to a report released by the EIA, “The United States imported crude oil from Iraq at a rate of 226 …

The annual crude oil output of China’s Bohai Sea oil field reached 30.132 million tons in 2021, accounting for one seventh of the nation’s overall annual crude oil output and becoming the country’s largest oil field, the Xinhua News Agency reported on Sunday. The Bohai Sea oil field is operated …

The Chinese customs department revealed that Iraq’s oil export to China had dropped in December 2021. The department’s statist showed that Iraq’s oil export decreased by 49,6% reaching 3.826 million barrels. However, the exports were up by 79.7% from the same month last year (2.130 million barrels). Iraqi oil export …

OPEC and its allies will meet on Sunday, the latest sign that a standoff between Saudi Arabia and the United Arab Emirates has been resolved. Oil ministers will meet at noon Vienna time and hold a press conference afterwards, the group confirmed. Officials have said privately in recent days that …

Natural gas demand among European industries has dropped by the most since the early days of the pandemic, with soaring prices prompting widespread output cuts and factory shutdowns. Fourth-quarter industrial gas use in northern Europe fell by almost 5% from a year earlier, the biggest decline since the second quarter …

Russia will become one of the world’s three largest producers of liquefied natural gas (LNG) in terms of output in five to eight years, a senior consultant with Russian independent energy advisor VYGON Consulting, Ekaterina Kolbikova, has told Sputnik. “In [a period from] 2027-2030, Russia will become one of the …