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SABETTA / Reuters President Vladimir Putin said that Russia was ready to sell gas to Saudi Arabia after he launched the first loading of liquefied natural gas (LNG) at the Novatek-led Yamal LNG project in the Arctic. Russia is the world’s biggest gas producer, but most of its exports are via pipeline rather than LNG, a super-cooled fuel that can ...

Bloomberg Crude edged higher as near-record Chinese orders for foreign crude signaled stronger demand in the world’s second-largest economy. Futures climbed 1.2 percent in New York. A rebound in China’s crude imports last month from a one-year low defused some of the pessimism among investors fanned by a US government report earlier this week showing bearish increases in fuel inventories ...

Bloomberg After spending years building up its gas-power business, General Electric Co. is trying to figure out how to keep pace in a world that’s no longer all that interested in fossil fuels. The plan to cut 12,000 jobs, or almost one-fifth of the power division’s global workforce, underscores GE’s bad bet on an old-school industry as natural gas loses ...

Bloomberg Cheniere Energy Inc., looking to help global customers meet climate goals under the Paris Accord, is turning to a former Obama administration energy expert as it expands its liquified natural gas exports. Christopher Smith, who helped develop the US Energy Department’s so-called life cycle emissions analysis for natural gas and coal, has joined Cheniere’s Washington office. The analysis was ...

Bloomberg A 1,000-foot ship will likely pull up to a buoy floating in the Gulf of Mexico next year, hook up its hoses and usher the US into a new era as a major oil exporter. The Louisiana Offshore Oil Port, which already handles imports from similar large ships known as Very Large Crude Carriers, or VLCCs, will likely be ...

Bloomberg Alibaba Group Holding Ltd., China’s e-commerce giant, plans to invest about $200 million in India’s largest online supermarket, Bigbasket, leading a $280 million funding round in the startup, according to people familiar with the negotiations. Alibaba is taking a stake of about 25 percent in Bigbasket after months of negotiations, said the people, asking not to be identified because ...

Bloomberg Bain Capital LP said it is prepared to spend about $900 million or more to acquire digital advertising companies in Asia as it revamps Japan’s No. 3 agency to better compete with rivals like Dentsu Inc. The Boston-based private equity firm acquired 87 percent of shares in Asatsu-DK Inc., in a tender offer, the companies said in statements. Bain ...

Bloomberg Facebook Inc. co-founder Eduardo Saverin is participating in a $40 million investment in Mswipe Technologies, his first foray into the India startup market. Saverin’s B Capital Group and DSG Consumer Partners are leading the funding round, which also includes Ratan Tata’s UC-RNT Fund, Matrix Partners India and Falcon Edge Capital. Saverin will join the company’s board and work with ...

Bloomberg Vijay Mallya is becoming something of a fixture in London courts. As the tycoon fights his extradition back to India on fraud charges, another set of lawyers is trying to overturn a $1.5 billion worldwide freezing order against him across town. In the meantime, Mallya has to get by on 5,000 pounds a week, according to court documents. A ...

Bloomberg Abu Dhabi National Oil Co. plans to raise as much as AED3.31 billion ($902 million) from the initial public offering (IPO) of its fuel-retailing unit after lowering the top end of the offer price and deciding to only sell a 10 percent stake. The crude producer reduced the price range to AED2.35 dirhams to AED2.65 for the shares of ...