Tocardo International BV, a Dutch maker of turbines that generate power from water, said the market for installing its devices in rivers may be worth as much as 1 billion euros ($1.4 billion) in 10 years’ time.
Western nations probably won’t impose energy export-related sanctions on Russia amid escalating tensions in Ukraine as Europe has little alternative to Russian gas, according to Goldman Sachs Group Inc. and Citigroup Inc.
Russia and the U.S. traded barbs at an emergency meeting of the United Nations Security Council as a deadline passed for pro-Russian separatists to leave buildings they occupied amid escalating violence in eastern Ukraine.
Tensions rose in Ukraine’s eastern regions as gunmen seized two police stations and attacked three others, prompting the government in Kiev to accuse Russia of “external aggression” to destabilize the country.
Ukraine is reducing gas imports and halting payments for natural gas imports from Russia over price “aggression” before the world’s biggest exporter of the fuel cuts supplies, raising the risk of disrupted flows to Europe.
U.K. natural gas rose to this month’s high as Ukraine said it will halt imports from Russia at a time when flows are near the lowest in almost six months amid reduced output in Norway, Britain’s top foreign supplier.
Ukraine Prime Minister Arseniy Yatsenyuk at a government meeting today said Russia’s plan to raise the natural gas price by 80 percent to what he called the highest price in Europe is “aggression against Ukraine.”
An icy rain is pelting about 30 protesters who’ve converged at the gate of a natural gas drilling site near Manchester, England. On the other side of a fence topped with razor wire, a 10-story-high rig is boring into shale to determine if it’s suitable for hydraulic fracturing, or fracking. The demonstrators unfurl a banner: “Fracking will poison our children.”