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Russia faces hardship installing Siemens turbines in Crimea

After thumbing their nose at the European sanctions and bringing gas turbines made by the German company Siemens to Crimea, Russia struggles to install them, since the company refuses to engage in anything that has to do with the equipment that was delivered to the sanction-bound region.

read more... 20/07/2017

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Daily (20.07.2017): EU carbon prices decreased by 1.5% on Wednesday

Oil soared on Wednesday, supported by strong demand for gasoline in the US and a major decline in the stocks, according to the API. Brent crude jumped by 1.76% to close at $49.70 a barrel, while WTI price rose by 1.55% to end at $47.12 a barrel.

read more... 20/07/2017

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Drax accelerates plans for coal conversion to gas

Britain's Drax, which once owned Europe's most polluting coal-fired power plant, is accelerating plans to transform one of its six units to gas and could offer for a capacity contract as early as 2019, as stated by its chief executive on Wednesday.

read more... 20/07/2017

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Vattenfall and Trafigura to sell gas to Ukraine’s Naftogaz

Ukraine's Naftogaz intends to sign deals with two European companies, particularly Trafigura Trading, Sarl and Vattenfall Energy Trading GmbH, aiming the purchase of natural gas, as it seeks to divert from the Russian energy imports.

read more... 19/07/2017

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Egypt targets the increase in natural gas output by 100% by 2020

The Egyptian petroleum ministry declared that the three recently discovered gas fields will boost Egypt’s natural gas output by 50% the next year, and double it by 2020.

read more... 18/07/2017

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