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since the beginning of the year, Russia’s Deputy Minister of Energy Evgeny Grabchak told reporters on March 20. According to the deputy minister, the forecast for energy consumption growth at the end of the year remains at 1.5%. Grabchak said earlier that this year an additional increase in energy consumption could come from launching large industrial projects, especially in the Far East, but most of the launches are planned for the second half of the year.
Supplies of Russian uranium to friendly countries have been growing by 70-80% in recent years and by 20-25% - to unfriendly countries. Rosatom expects to receive additional revenues from such supplies to friendly countries after 2030, CEO of the state corporation Alexey Likhachev said in an interview with RT at the Atomexpo-2024 forum.
"Taking both pricing and volumes into account, we have seen a surge in supply volumes to markets of unfriendly countries of around 20-25% in recent years. We continue to fulfill all our duties. However, the growth rate of shipments to friendly countries' markets is three times higher, at 70-80%. It is not difficult to estimate that throughout the period until 2030, we will totally replace, and starting from 2030-2032, we will receive additional revenues from our raw material deliveries to friendly countries' markets," he said.
Rosatom profited from a jump in uranium prices when prices exceeded $100 per pound after Washington’s statements about possible supply restrictions, the company’s CEO Alexey Likhachev said in an interview with RT at the Atomexpo 2024 forum.
"At the moment, prices first approached $100, then exceeded it, and now they have returned to $85-88 for spot contracts. What was the reason? Washington announced some upcoming restrictions. That is, people heard that some restrictions might be introduced and started buying on the spot, creating reserves to the detriment of themselves, their economy and their technological cycle. Demand creates supply, prices jumped - people paid and we made money," he said.
A global gold rush is underway for a long-overlooked resource that advocates say could play a significant role in the shift away from fossil fuels – geological hydrogen. Sometimes referred to as white, gold or natural hydrogen, refers to hydrogen gas that is found in its natural form beneath Earth’s surface. It is thought to be produced by high-temperature reactions between water and iron-ich minerals. Research published earlier this month by Rystad Energy showed that 40 companies were actively searching for geologic hydrogen deposits by the end of last year — up from just 10 in 2020. The initial discovery of geologic hydrogen occurred in 1987 in a small village roughly 60 kilometers (37.3 miles) from Mali’s capital of Bamako. A failed attempt to drill for water by Canada’s Hydroma hit upon an abundance of odorless gas that was inadvertently found to be highly flammable. The well
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