Nuclear energy is expected to reach a new record in 2025, a new report by the International Energy Agency (IEA), "Path to a New Era of Nuclear Energy." According to the report, as the second-largest source of low-carbon electricity in the world after hydroelectric power, nuclear energy today provides just under 10% of global electricity supply.
The IEA believes that the revival of nuclear energy development could usher in a new era for safe and clean energy sources, as global demand for electricity is growing rapidly. The report states that 63 nuclear reactors are currently under construction worldwide, representing over 70 GW of capacity. More than 40 countries around the world plan to expand the role of nuclear energy in their energy systems.
Additionally, over the last five years, decisions have been made to extend the operating life of more than 60 reactors worldwide, accounting for nearly 15% of the total nuclear fleet. Annual investments in nuclear energy have increased by almost 50% over the past three years since 2020, surpassing $60 billion. In a scenario of rapid nuclear energy growth, annual investments are expected to double to $120 billion by 2030.
The report also notes that under current policies, the capacity of small modular reactors will reach 40 GW by 2050.
Energy
-
In 2024, oil production with condensate in Azerbaijan totaled 29.1 million tons, according to preliminary data from the Ministry of Energy. In 2023, Azerbaijan produced 30.15 million tons of oil and condensate. Thus, over the year, the volume of liquid hydrocarbons produced in the country decreased by 3.48% or 1.05 million tons.
-
In December 2024, Azerbaijan's daily oil production with condensate amounted to 80,776 tons (609,000 barrels). According to the Ministry of Energy of Azerbaijan, of this amount, 65,987 tons (487,000 barrels per day) were oil, and 14,789 tons (122,000 barrels per day) were condensate. Thus, in December, Azerbaijan used 88.2% of its OPEC+ quota. Under the agreement reached at the 36th meeting of OPEC+ ministers, Azerbaijan's oil production quota for 2024 is set at 551,000 barrels per day (74,259 tons).
-
In 2024, Azerbaijan produced 50.3 bcm of gas, including the volumes injected into oil wells to maintain reservoir pressure. According to the Ministry of Energy of Azerbaijan, gas production increased by almost 2 bcm compared to 2023.
-
In January-December 2024, Azerbaijan increased its gas exports by 5.8% compared to the same period in 2023, reaching 25.2 bcm, the Ministry of Energy of Azerbaijan reported. According to the Ministry, 12.9 bcm of Azerbaijani gas were supplied to Europe in 2024, accounting for 51% of total exports.
Leave a review