Energy Update
South Korea based chemical company, LG Chem has scrapped its plan to build $4.2bn petrochemical complex in Kazakhstan due to plunging oil prices.
NEW YORK, Jan 26 (Reuters) - The blizzard that battered the U.S. East Coast over the weekend may be just a taste of what is to come, as February is usually the snowiest month and is likely to be snowier this year because of the El Nino weather phenomenon, weather experts say.
PJSC RusHydro and equipment manufacturer Voith Hydro have approved preliminary terms of a deal to optimize costs associated with rehabilitation of the 1,360-MW Saratovskaya hydroelectric plant.
AMSTERDAM, Jan 26 (Reuters) - Dutch gas exports to neighboring countries cannot be cut before 2024 because technical adjustments need to be made so those countries can use gas from other sources, Economy Minister Henk Kamp told parliament Tuesday.
RIO DE JANEIRO, Jan 26 (Reuters) - Petrobras Distribuidora SA, the fuel distribution unit of state-run oil company Petroleo Brasileiro SA, said on Tuesday it had elected Ivan de Sá Pereira Junior as its interim chief executive.
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