Energy Update
June 9 (Reuters) - U.S. utilities and merchants are
embarking on their biggest buying spree for Canadian natural gas
since the start of the U.S. shale boom, taking advantage of
record low prices and raising concerns about the U.S. industry's
deepening crisis.
OSLO, June 9 (Reuters) - Norway and Sweden's joint scheme to
boost renewable energy generation, set up in 2012, is on track
to deliver 28.4 terawatt-hours (TWh) by 2020, Norway's energy
regulator said on Thursday.
LONDON, June 9 (Reuters) - Having gone from bumper cash
inflows to redemptions in just two years, many sovereign wealth
funds have been forced to shake up their investment strategies
to embrace both super-liquid safe assets with more esoteric
illiquid plays to bolster returns.
BERLIN, June 9 (Reuters) - Iran expects a row with Germany
over unpaid state export guarantees to be resolved soon, its
industry minister was quoted as saying in a German newspaper on
Thursday, a step which would remove a big hurdle to reviving
trade relations.
SYDNEY, June 9 (Reuters) - BHP Billiton is
studying an option to develop a massive new iron ore deposit in
Australia to replace lost tonnes as operations age and reserves
decline, according to the company and documents filed with
environmental regulators.
LAUNCESTON, Australia, June 9 (Reuters) - Conventional
wisdom in the liquefied natural gas (LNG) sector is that no new
projects will be built for several years, given the vast cost
can't be reconciled with the current low prices.
A week after US President Barack Obama and his entourage vacated the JW Marriott hotel in Hanoi, some 600 international steel market participants moved in.
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