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Japan’s Hitachi to build a nuclear power plant in Lithuania

Lithuania’s government has approved a deal with Japan’s Hitachi involving the construction of a new nuclear power plant, aimed to reduce the Baltic country’s energy dependence on Russia.

read more... 22/06/2012

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Chinese imports of iranian oil continue to increase despite U.S. sanctions

Despite the U.S. sanctions China reached the highest level this year in importing oil from Iran. Foreign Ministry Spokesman Hong Lei said China’s imports from Iran are fair and reasonable and does not hurt the interests of the international community.

read more... 21/06/2012

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Daily: Brent crude at 18-month lows on modest Chinese manufacturing data

Brent crude slipped to about $92 per barrel, hitting an 18 months low on Thursday, driven down by demand growth woes as China’s factory sector eased down and by U.S. Fed’s modest action which discouraged hopes for more aggressive steps to stimulate U.S. economic growth.

read more... 21/06/2012

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U.S renewables may power 80% of electricity needs by 2050

Renewable electricity generation from technologies that are commercially viable nowadays, alongside a more flexible electric system, could supply 80% of U.S. electricity needs in 2050, according to a report from the National Renewable Energy Laboratory (NREL).

read more... 21/06/2012

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GDF Suez to abandon France and Belgium on nuclear reactors closure

The major energy provider, GDF Suez is likely to withdraw its activity from the European continent.

read more... 21/06/2012

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