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China, US to Lead Surge in Global Demand for Natural Gas -IEA

China, US to Lead Surge in Global Demand for Natural Gas -IEA

Global natural gas demand will likely surge over the next five years, largely due to a more than doubling of consumption in China even as a boom in unconventional production continues unabated in the U.S., turning the country into an exporter of liquefied natural gas by 2017, the International Energy Agency said Tuesday.

EU Court Backs Annulment of Commissions Decision on EDF State Aid

EU Court Backs Annulment of Commission's Decision on EDF State Aid

The European Union's top court backed Tuesday a lower court's annulment of a European Commission decision that had ruled French utility Electricite de France SA (EDF.FR) had enjoyed state aid in the form of a tax concession worth EUR888.89 million.

IEA Chief: Euro-Zone Crisis Difficult but Manageable

IEA Chief: Euro-Zone Crisis Difficult but Manageable

The end of the euro zone is not a likely scenario, and while the economic situation in the region is difficult, it remains manageable for energy companies, consumers and stakeholders, the head of the International Energy Agency, Maria van der Hoeven, said Tuesday.

Turkey Sharply Cuts Imports of Iranian Crude

Turkey Sharply Cuts Imports of Iranian Crude

Turkey will sharply cut its imports of Iranian crude in May and replace it with oil from Saudi Arabia, a spokesman for the country's sole oil refinery, Tupras (TUPRS.IS), told Dow Jones Newswires Tuesday.

Exxon Mobil CEO: Huge Oil Shale Potential in Western Siberia

Exxon Mobil CEO: Huge Oil Shale Potential in Western Siberia

Exxon Mobil Corp. (XOM) is starting work with Russia's OAO Rosneft (ROSN.RS) in assessing what could be massive reserves of shale oil in Western Siberia, the U.S. giant's Chief Executive Rex Tillerson said Tuesday.

China Lost 10 Bln KWh Wind Power Capacity in 2011 on Limited Grid Access

China Lost 10 Bln KWh Wind Power Capacity in 2011 on Limited Grid Access

China lost more than 10 billion kilowatt-hours of electricity generated by wind power facilities in 2011 due to limited access to the power grid, state-controlled news agency Xinhua reported Monday, citing a release by the National Energy Administration.

Mitsubishi Heavy: Jordan Nuclear Project Still Alive

Mitsubishi Heavy: Jordan Nuclear Project Still Alive

Mitsubishi Heavy Industries Ltd. (7011.TO) believes Jordan still plans to build its first nuclear power plant in the near future, despite opposition in parliament based on fears of a major accident like the one in Fukushima last year, a company executive said Monday.

Petronas Gets Approval To Invest In Floating LNG Project

Petronas Gets Approval To Invest In Floating LNG Project

Malaysian oil and gas company Petroliam Nasional Bhd., or Petronas, is pushing ahead with its floating liquefied natural gas facility project and will compete with Royal Dutch Shell PLC's (RDSA) proposed floating LNG plant to be the world's first of its kind.

Greek Power Regulator Warns of Energy Meltdown

Greek Power Regulator Warns of Energy Meltdown

Greece's power regulator RAE will hold an emergency meeting next week to avert a collapse of the debt-stricken country's electricity and natural gas system, it said on Friday.

Pirates Attack Greek Oil Tanker Off Nigeria: IMB

Pirates Attack Greek Oil Tanker Off Nigeria: IMB

Pirates attacked a Greek-owned oil tanker off Nigeria Friday but failed to hijack the ship after the crew hid in a safe room, the International Maritime Bureau said.