Economies are gradually making the choice in favour of renewable sources of energy, but for some time, fossil fuels and renewables will complement each other – that was the conclusion of participants at the Valdai discussion club during a session entitled “Tech War: How Far Will It Go?”
The European Union in 2020 proclaimed large-scale plans for a transfer by 2050 to a carbon-free economy, which call for the abandonment of oil, gas, coal and other energy sources responsible for carbon dioxide emissions in the atmosphere. Against this background, experts and potential investors have begun to discuss increasingly new opportunities for the nuclear industry, relegated several years ago to the role of rank outsider in the energy world.
Authorities in News York State have published a “road map” on achieving the ambitious goal of moving the state towards securing 70 % of its electricity from renewable sources by 2030.
Argentine authorities have drafted a new plan to invigorate the gas sector, calling for $5 billion in investments over the next three years to develop the vast shale deposit area of Vaca Muerta (Dead Cow in Spanish).
The World Energy Council (WEC) thanked Sergey Brilev for his participation in preparations for the World Energy Congress in 2022.
U.S. oil and gas giant ConocoPhillips is buying competitor Concho Resources, a company specialised in shale oil extraction in the Permian Basin of Texas and New Mexico.
Academics at Russia’s National University of Science and Technology (NUST) in Moscow have created a prototype nuclear battery which may turn out to be considerably less expensive than previous models, Russia’s State Atomic Energy Corporation, Rosatom, reported in its corporate newspaper.
Installed geothermal capacity is likely to rise by 1.5 times over the next five years as energy companies diversify into alternative markets, prompted by the drive for a transition to renewable energy sources, analysts Rystad Energy reported.
The modern energy sector must resolve three key, but often contradictory, tasks: ensuring security, raising energy efficiency and working for a clean environment. Solutions to these problems can be found by developing contemporary intelligent micro-networks or microgrids, which will enable compatibility of renewable and traditional sources and also the interests of consumers and producers. Nikolaos Hatziargyriou, director of the National Technical University of Athens and winner of the Global Energy Prize, is one of the chief ideologists of modern microgrids. He spoke of the main principles of these micro-networks in an interview with the Global Energy Association.
Russian oil companies Gazprom Neft and Tatneft are following the lead of their European colleagues by embarking on projects based on renewable energy sources.
Venezuela has resumed operations at two oil refineries, President Nicolas Maduro announced on his Twitter microblog. Venezuelan authorities also announced the adoption of a plan to regulate fuel supplies at petrol stations.
Photosynthesis is one of the most important processes on Earth. And this is recognised by everyone, from biologists to energy specialists. And everyone knows that nearly all the energy we use, we owe to the Sun. Oil, gas and coal all came into being thanks to the ability of organisms to secure solar energy and use it to create organic molecules by means of photosynthesis. Photosynthesis allows plants to transform energy from the sun into fuel.
Russia is ready in the future to become a supplier of energy derived from new technologies, including the use of renewable sources and carbon-free methods, Energy Minister Alexander Novak said in an interview with the President of the Global Energy Association, Sergey Brilev.
The head of Norway’s biggest sovereign wealth fund, Nicolae Tangen, says the fund should boost its revenues by selling more of the shares it holds in companies with an unsatisfactory record in terms of the so-called ESG criteria – Environmental, Social and Corporate governance.
Vietnam has approved a project by U.S. giant ExxonMobil to build an LNG plant in the northern port city of Haiphong. The plant is to have an annual capacity of six million tonnes of LNG and total cost of the project is estimated to exceed 5 billion euros.
Two of the oldest oil and gas companies in the United States – Noble Energy and Chevron – have announced their merger.
Consumer behaviour, particularly the ability to make specific choices in purchasing and use, has become a big factor in the broad scheme of power supply, Pavel Livinsky, Director General of Russia’s Rosseti power grid company, said during World Energy Week.
The main problem with nuclear power today is the recycling of nuclear waste. To solve this problem, it is necessary to encourage the use of thorium instead of uranium. An even bigger challenge for the industry is the lack of new developments that would allow nuclear power to move forward, said Carlo Rubbia, the Global Energy Prize laureate and Nobel Prize winner in physics, in an interview with the Global Energy Association.
Companies and the investors behind them have joined European regulators and politicians in calling for carbon-free energy, Lord Barker, the Executive Director of Russia’s EN+ group, told a British-Russian Investment forum, which was held online by the Russo-British Chamber of Commerce (RBCC) with the support of the CCI of Russia. The session at the forum,dubbed “RussiaTALK”, was chaired by Sergey Brilev, President of the Global Energy Association.
The European Union has toughened its goals of reducing greenhouse gas emissions.
France’s Total has become the latest major oil and gas company to announce plans to turn itself into an energy holding.
The Japanese space agency plans to build a plant on the moon by 2035 to produce fuel from hydrogen, the Kyodo news agency reported.
Supplying electricity to islands and remote localities remains quite a difficult undertaking despite the development of digital technology and a dynamic transition to renewable energy sources. Solving the problem involved creating special closed energy systems that work independently from centralised power supplies – known as “microgrids”.