Energy Update
SYDNEY, May 11 (Reuters) - Fortescue Metals Group Chairman Andrew "Twiggy" Forrest on Monday called on Australians to urge the government to stop expansion plans by iron ore miners Rio Tinto and BHP Billiton, saying they were jeopardizing the economy.
* Shares trade at 37 times earnings vs.
(Mon, 11 May 2015) In 2014, net imports of natural gas in the United States fell to 1,187 billion cubic feet as a result of lower natural gas imports from Canada. On a regional basis, natural gas net imports changed most significantly in the Northeast, North Central, and South regions. Net changes in natural gas imports in other regions were less significant in 2014. These trends are discussed in the U.S. Natural Gas Imports and Exports 2014 report.
(Mon, 11 May 2015) In the coming decades, additions to U.S. electricity generation capacity are expected to be lower than in the recent past. In EIA's Annual Energy Outlook 2015 Reference case, which reflects current laws and policies and does not include EPA's proposed Clean Power Plan, total generating capacity (including end-use generators like rooftop solar panels) increases from 1,065 gigawatts (GW) in 2013 to 1,261 GW in 2040.
SHANGHAI, May 11 (Reuters) - A China Railway Construction Corp Ltd (CRCC) unit has signed a memorandum of understanding to build rail and port projects in Russia, the firm said in a stock exchange statement on Monday.
The state-controlled oil and gas company Bharat Petroleum (BPCL) has secured approval from the Indian Environment Ministry for a Rs46bn ($718m) expansion of its refinery in Kochi in the state of Kerala.
National Iranian Oil Refining and Distribution (NIORDC) has reportedly signed a memorandum of understanding (MoU) with a Brazilian company, to construct a new oil refinery in Latin America.
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