Gas Pipeline News
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Djibouti is in talks with India, China, Brazil, Russia and Arab investors to finance infrastructure projects worth $5.9 billion, the head of the country’s ports authority said.
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Dow Chemical Co., the largest U.S. chemical maker by sales, said it received $2.19 billion in cash from Petrochemical Industries Co. of Kuwait as compensation for the cancellation of a joint venture more than four years ago.
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PG&E Corp. should pay $2.25 billion for a 2010 natural gas pipeline explosion in California that killed eight people, the city of San Bruno said.
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Lithuania asked OAO Gazprom to reduce natural-gas prices as the Baltic nation works to reduce its dependence on the Russian supplier.
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Polskie Gornictwo Naftowe i Gazownictwo SA, Poland’s biggest gas distributor, dismissed Chief Executive Officer Grazyna Piotrowska-Oliwa following a row over OAO Gazprom’s pipeline expansion plans.
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Alaska plans to spend as much as $800,000 to evaluate exporting gas from its North Slope, including financial incentives for participating companies.
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Russian President Vladimir Putin and Japanese Prime Minister Shinzo Abe agreed to revive stalled talks on a peace treaty to formally end World War II hostilities between the two countries.
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New York City wholesale electricity prices rose to a one-month high as warmer weather boosted power use amid the shutdown of two generators in the region.
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Eastern U.S. wholesale electricity gained a below-normal temperatures boosted demand.
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Kinder Morgan Energy Partners LP, the biggest U.S. pipeline company, said first-quarter profit more than tripled as it expanded its interstate pipeline network.
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