Energy Update
The Asian Development Bank (ADB) has approved a $500 million loan program that the bank said will boost efforts by the government of Indonesia to scale up renewable energy through price incentives for geothermal, biomass and small hydropower, and set up an energy efficiency marketplace, according to an Oct. 2 ADB statement.
Oct 6 (Reuters) - Energy and mining company Freeport-McMoRan Inc said it is reviewing strategic options for its oil and gas business, including a spinoff, joint venture or a public offering.
MWANZA, Tanzania, Oct 6 (Thomson Reuters Foundation) - Green beer may not sound too appealing, but in Mwanza, it's going down a treat. A locally produced "greener" brew not only slakes thirst but is reducing the carbon footprint of the country's second largest city.
ST PETERSBURG, Russia, Oct 6 (Reuters) - Gazprom has almost halved the planned capacity of its TurkStream gas pipeline project to 32 billion cubic metres (bcm) per year from an original capacity of 63 bcm, Gazprom Chief Executive Officer Alexei Miller said on Tuesday.
NEW YORK, Oct 6(Reuters) - When U.S. regulators adopted new rules last May to make hauling crude by rail safer, shippers anticipated relatively moderate costs and adjustments while rail tank car makers geared up for a retrofitting bonanza. It has not worked out that way.
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