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Shell seeks gas converts among India textile, cement plants

Bloomberg Royal Dutch Shell Plc is turning to India’s textile, cement and steel factories as it seeks to expand demand for its natural gas. The Hague-based energy giant has set up a team of about six executives to identify small businesses that use dirtier fuels like coal and convince them to switch, according to Ajay Shah, a vice president with ...

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Gabon seeks to reduce reliance on oil as IMF approves $642 million loan

Bloomberg Gabon, OPEC’s smallest member by production, will try to reduce its reliance on oil by increasing investments in agriculture and mining as part of pledges made to win a $642 million International Monetary Fund facility, Economy Minister Regis Immongault said. Oil’s proportion of state revenue will decline to about 25 percent by mid-2020, from 30 percent currently, he said ...

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Dong says German grid delay risks confidence in offshore wind

Bloomberg The world’s biggest offshore wind developer said construction delays on key electricity cables that will take North Sea wind power to Germany’s industrial heartland risk undermining the confidence of investors in new projects. Dong Energy A/S sees delays as driving up costs of working in Germany, board member Samuel Leupold said in an interview in Berlin. Slow completion of ...

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