Energy Update
MOSCOW, Oct 26 (Reuters) - Russian Deputy Finance Minister
Alexei Moiseev said on Wednesday that the government's 10.9
percent stake in Russia's second largest lender VTB could be
sold after 2017, the Interfax news agency reported.
There can be no question that across the globe, energy systems are transitioning from the old, dirty way of generating electricity to a new clean energy future that embraces carbon-free electricity powered by renewable energy. Add to that the fact that the wind that blows off U.S. coastal waters and in the great lakes could power the country more than two times over and you quickly come to the conclusion that the time is now to develop offshore wind in the U.S.
MOSCOW/BRUSSELS Oct 26 (Reuters) - Gazprom is
finalising a deal with European Union regulators to avoid fines
and end a five-year antitrust case, signaling a thaw in frosty
business relations between Moscow and Brussels.
DUBAI, Oct 26 (Reuters) - Kuwait's Equate Petrochemical is
considering expanding its imminent U.S. dollar debt issue to
include a 30-year bond, according to a document from the lead
arrangers, following the success of Saudi Arabia's offering.
COPENHAGEN, Oct 26 (Reuters) - Danish wind turbine
manufacturer Vestas said rotor blades had fractured on
two turbines it recently installed in Deerfield, Michigan in the
United States.
BRUSSELS, Oct 26 (Reuters) - The European Union is expecting
commitments from Russian state gas exporter Gazprom to
avoid fines in a five-year antitrust case, the EU's competition
chief said on Wednesday, adding that for now all options
remained on the table.
ZAGREB, Oct 26 (Reuters) - Croatia is considering shutting
down or changing the use of one of its two oil refinery sites,
newly appointed energy minister Slaven Dobrovic said on
Wednesday, implying the government does not expect to secure
investment to finance an upgrade of the plant.
Billed as the world’s largest plastics and rubber show, K Fair is more than a trade show. It is a behemoth to rival any other.
LONDON, Oct 26 (Reuters) - An earthquake measuring 5.8
magnitude shook Turkmenistan on Wednesday 11 km east of
Balakabat near the Caspian Sea, the U.S. Geological Survey
(USGS) said.
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