• Oil prices jump, OPEC rules out boost

      Oil prices jump, OPEC rules out boost

      Oil prices hit last Monday a four-year high of over $81 a barrel after Saudi Arabia and Russia rejected calls by Donald Trump to increase production. They met in Algiers on Sunday together with representatives of another OPEC members and allies to discuss global supply levels and US sanctions on Iran. The meeting ended with no formal agreement on any immediate oil-output boost.

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    • Germany to build LNG terminal as a gesture to Trump

      Germany to build LNG terminal as a gesture to Trump

      Germany will chose where to build a liquefied natural gas (LNG) terminal by the end of 2018 as a gesture to the US which wants to ship more gas to Europe, the economy minister Peter Altmaier said on Tuesday after meeting in Brussels Maros Sefcovic, the European Commission VP and EU energy chief.

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    • US to start gas exports to Europe by 2022

      US to start gas exports to Europe by 2022

      The US administration plans to start exporting its new and vast gas supplies to Europe via Germany within the next four years, news wires reported. US companies will start delivering liquefied natural gas (LNG) by 2022, US deputy energy secretary, Dan Brouillette, told Bild. “US liquefied natural gas is coming to Germany. The question is not if, but when,” he said.

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    • The largest offshore wind farm on the planet opens

      The largest offshore wind farm on the planet opens

      The largest offshore wind farm in the world begins generating electricity today off the Cumbrian coast. Located in the Irish Sea, the Walney Extension Offshore Wind Farm has a total capacity of 659MW, being capable of powering nearly 600,000 homes in the UK, Danish energy business Orsted announced.

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    • Climate action could boost world economy by $26trn

      Climate action could boost world economy by $26trn

      Strong action to combat climate change could cumulatively add at least $26tn to the world economy by 2030, according to a Global Commission on the Economy and Climate report. The study of the think tank, which gathered former heads of government and top economic and business leaders, seeks to dispel fears that a shift from fossil fuels will undermine growth, news wires reported.

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    • Trump's administration weakens regulations on US coal plants

      Trump's administration weakens regulations on US coal plants

      The Trump administration moved to dismantle another major piece of President Barack Obama’s effort to slow global warming, proposing on Tuesday to dramatically scale back restrictions on climate-changing emissions from coal-fired power plants even as it acknowledged that could lead to more premature deaths and serious illnesses, news wires reported.

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    • A power line to connect Spain and France

      A power line to connect Spain and France

      The leaders of France, Spain and Portugal agreed on 27 July to build an undersea power line in the Bay of Biscay as they up electricity links in an effort to reduce the Iberian peninsula’s isolation from the European electricity and boost energy security.

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