Novak: Market share of nuclear energy to reach 20% by 2050

News Department
Author

The share of nuclear energy in the global energy balance will increase from the current 10% to 20% by 2050, Russian Deputy Prime Minister Alexander Novak said, Report informs via TASS.

“Such energy sources [nuclear power plants] will be in greater demand. Because the nuclear industry is very capital-intensive. And construction takes quite a long time. But what is important is that new technologies will appear,” Novak added.

According to him, Russia has long become a world leader in the field of nuclear energy and will therefore occupy one of the main places in this market.

Other News

Azerbaijan increases revenue from methanol exports by 8% 19 October, 2026 / 11:08
Azerbaijan increases exports of petroleum bitumen 3.5-fold 19 October, 2026 / 11:03
Azerbaijan increases exports of petroleum coke 1.4-fold 19 October, 2026 / 11:03
Azerbaijan exports nearly 327,000 tons of nitrogen fertilizer in 9 months 19 October, 2026 / 10:55
Top 10 countries importing Azerbaijani oil in 9 months 19 October, 2026 / 10:47
Azerbaijan's natural gas exports approached 18 bcm in nine months 19 October, 2026 / 10:42
Azerbaijan sees over twofold surge in revenue from petroleum product exports 19 October, 2026 / 10:40
Azerbaijan boosts oil export revenue by over 13% 19 October, 2026 / 10:16
Azeri Light oil price falls to $116 per barrel 17 October, 2026 / 12:23
Uzbekistan plans to build two more nuclear power plants 16 October, 2026 / 21:45
Shavkat Mirziyoyev discusses energy projects with SOCAR and BP 16 October, 2026 / 21:13
Mirziyoyev: SOCAR, BP conducting exploration work on six blocks in Ustyurt 16 October, 2026 / 15:37
Azerbaijan reveals oil and gas production volumes for nine months 16 October, 2026 / 13:47
Azerbaijan transports 29.7 bcm of gas through main pipelines in January-September 16 October, 2026 / 13:27
Value of Azerbaijan's petroleum products output exceeds 4.6B manats 16 October, 2026 / 13:02
Azerbaijan's crude oil supplies to Vietnam exceed 1M tonnes 16 October, 2026 / 12:44
Azeri Light crude falls over $5 per barrel 16 October, 2026 / 10:29
SLB, BP ink deal for seismic data processing at Karabakh field in Caspian Sea 16 October, 2026 / 10:02
Brent crude falls to $105.3 per barrel 16 October, 2026 / 09:52
Azerbaijan's oil production approached 20M tons in 9 months 15 October, 2026 / 12:46