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Bloomberg Russia’s Novatek PJSC is looking at storing liquefied natural gas produced in the Arctic on Japan’s southern island of Kyushu so it can better meet spot demand from China and cut shipping costs. Saibu Gas Co, which last month signed a preliminary deal to allow Russia’s biggest LNG producer to use its storage facilities, said it may build two …

Bloomberg Alberta’s government maintained its mandated oil curtailment in February at the same level as January even as Canadian heavy oil prices surged. The province’s oil producers collectively must cut February output by 325,000 barrels a day, according to an email from Mike McKinnon, an energy ministry spokesman. The baseline for the cuts is the highest single month of production …

Bloomberg Britain’s plan for a nuclear revival was thrown into disarray after the second Japanese company in as many months seemed to pull the plug on a new plant. The UK government has put atomic energy at the heart of its effort to attract 100 billion pounds ($130 billion) of investment to upgrade its aging reactors it needs to keep …

Bloomberg India’s oil demand growth in 2018 rebounded from the slowest pace in four years as the country recovered from the shock of a cash ban and the roll out of a national sales tax. The nation’s consumption of petroleum products rose 4.1 percent to about 210 million tonnes, the Oil Ministry’s Petroleum Planning and Analysis Cell said. Growth improved …

ABU DHABI / WAM Abu Dhabi Sustainability Week (ADSW) on Wednesday launched the #WeAreCommitted campaign, calling on the global community to pledge their support to sustainability. The online campaign has brought together Sheikhs, government ministers, amba-ssadors, business leaders, and young innovators to share their commitments. According to economic analysis, tackling sustainability-related challenges could save the global economy up to $30 …

DUBAI / Emirates Business Startup funding across Mena region witnessed a strong growth in 2018 with record number of transactions, according to a report released by Magnitt — leading data platform tracking the region’s startup ecosystem. The 2018 Mena Venture Investment Report — which provides an in depth analysis of startup funding across the Middle East and North Africa — …

Bloomberg The Trump administration wrapped up the latest round of trade talks in Beijing, noting a commitment by China to buy more US agricultural goods, energy and manufactured items. China and the US concluded three days of talks on Wednesday with a cautious sense of optimism that the world’s two biggest economies might be able to reach a deal that …

Bloomberg China’s crude oil purchases from the Middle East and West Africa dropped to a four-month low in December, following a buying binge the previous month that saw the Asian country’s stockpiles swell. Observed flows to China from the two regions dropped to 5.04 million barrels a day, the lowest since August, after reaching a 2018-high of 6.45 million barrels …

Bloomberg Norway’s oil industry is in full recovery mode, but the country’s top petroleum lobbyist is worried about growing opposition ahead. At the same time as it gave a big boost to investment forecasts for next five years, Norwegian Oil and Gas Association sounded one of its starkest warnings yet on political risk facing the nation’s biggest industry. Explorers and …

Bloomberg Mexico’s opposition is accusing the government of addressing the issue of fuel theft irresponsibly as supply fears spread to the nation’s capital. Members of the senate are calling for the newly appointed energy minister Rocio Nahle and Petroleos Mexicanos chief executive Octavio Romero to explain how they will fix fuel distribution amid shortages at gasoline stations in central Mexico, …