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
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The State Oil Company of Azerbaijan (SOCAR) is launching the Leucipa monitoring program for the first time in the Caspian region to enhance production efficiency in the oil and gas industry, KOKAR reported. “SOCAR is implementing an innovative digital solution – the Leucipa monitoring program – to optimize processes and improve extraction efficiency. This initiative is part of a strategic collaboration with Baker Hughes. This project is a key part of SOCAR’s digital transformation strategy,” the company’s statement said.
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The daily oil production, including condensate, in Azerbaijan in January amounted to 74.5 thousand tons (559 thousand barrels). Of this volume, oil accounted for 61.7 thousand tons (454 thousand barrels per day), and condensate – 12.8 thousand tons (105 thousand barrels per day), the press service of Azerbaijan’s Ministry of Energy. Thus, Azerbaijan used 82.4% of its OPEC quota in January.
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In January 2025, Azerbaijan exported a total of 2 bcm of natural gas. Compared to January of the previous year, export volumes decreased by 300 mcm, the website of Azerbaijan’s Ministry of Energy. According to the ministry’s data, during the reporting period, Azerbaijan’s gas exports to Europe amounted to 1 bcm (a decrease of 100 mcm.)
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In January 2025, Azerbaijan exported 2 million tons of oil and condensate to foreign markets. The export volumes of liquid hydrocarbons from Azerbaijan decreased by 100 thousand tons, the website of Azerbaijan’s Ministry of Energy.
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