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Donors Pledge EUR550M For New Shelter Over Chernobyl

Donors Pledge EUR550M For New Shelter Over Chernobyl

International donors have pledged EUR550 million to fund the construction of a new shelter over the stricken reactor at Chernobyl nuclear power plant, Ukrainian President Viktor Yanukovych said Tuesday at a conference marking the 25th anniversary of the world's worst nuclear accident.

Italy Scraps Further Elements Of Nuclear Power Revival Plan

Italy Scraps Further Elements Of Nuclear Power Revival Plan

The Italian government Tuesday scrapped further elements of the country's planned revival of nuclear power, making it increasingly likely that the two-year moratorium on development in the wake of Japan's nuclear crisis will extend further into the future.

Turkey Lifts Azeri Gas Imports; EU Supply Under Threat

Turkey Lifts Azeri Gas Imports; EU Supply Under Threat

Turkey said Tuesday it will increase imports of natural gas from Azerbaijan's Shah Deniz II project, potentially threatening European pipeline projects, including the European Union-backed Nabucco, that hope to secure shipments from the field.

RWE CEO: Nuclear Power Is Key To Meet Climate Targets

RWE CEO: Nuclear Power Is Key To Meet Climate Targets

RWE AG's Chief Executive Juergen Grossmann has warned that the German utility may not reach its carbon dioxide emissions targets without nuclear power plants, monthly magazine Capital reports Monday.

French Government To Carry On Shale Gas Scientific Study

French Government To Carry On Shale Gas Scientific Study

The French government confirmed to all companies concerned that the scientific study about the environmental impact from shale gas and oil extracting will be carried on and even prolonged, the Energy Ministry said Monday.

IEA Chief Sees Oil Market Tightening Towards Summer

IEA Chief Sees Oil Market Tightening Towards Summer

The oil market will tighten towards summer, a condition that should compel OPEC to take action when it next meets in June, the head of the International Energy Agency said Monday.

OPEC Must Up Output To Avoid Spike -JPMorgan

OPEC Must Up Output To Avoid Spike -JPMorgan

Such actions as Saudi Arabia's cut in oil output in March [by around 800,000 barrels from February due to weak demand], confirmed Sunday by oil minister Ali al-Naimi, could result in a price spike, says a JPMorgan note.