Former Zenit FC player Kazachenok dies at 64Sport March 27, 1:37
Russian senior MP calls on EU politicians not to hide heads in sand in Syrian settlementRussian Politics & Diplomacy March 26, 18:09
Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
DAEGU, S Korea, October 17 (Itar-Tass) - Russia's investments in energy projects in the next ten years will exceed Canada's funds by almost 50% to amount one trillion dollars, president of the Global Energy non-commercial partnership Igor Lobovsky said at the 22nd World Energy Congress in the South Korean city of Daegu.
"For the next ten years investments in energy projects announced by Russian Energy Minister Alexander Novak will be almost half more that capital investments of Canada, which intends to invest $650 billion during the same period," he said.
Energy consumption of Asia-Pacific countries grows every year, Lobovsky noted. Annual consumption of China alone grows 5.8% with its annual economy growth of 10%.
Russia, as the world's major gas exporter and one of the largest oil suppliers, successfully implements new promising projects with Asian partners, Lobovsky said.
The Global Energy international prize is awarded annually since 2003 for outstanding scientific achievements that bring benefits for all mankind. The idea to establish the prize was proposed by a group of known Russian scientists, supported by major energy companies and approved by the Russian president. The founder is the non-commercial partnership for development of international research and energy projects. An international committee consisting of scholars and experts from various countries and representatives of international scientific organizations decides whom to award. A laureate may be any citizen of any state. The Global Energy Prize fund amounts to 33 million rubles.