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Total stops Iran gas project as risk from sanctions too high

Bloomberg Total SA said it will not risk investing in Iran following the return of US sanctions, unless it can secure a waiver. Continuing to do business in Iran would be too great a risk as the company has large operations in the US and depends on the country’s banks for financing its operations, Total said in a statement. So ...

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Germany brushes aside US concerns about Russia gas pipeline link

Bloomberg Germany brushed aside US concerns about a major natural gas pipeline that will deliver Russian gas to Europe, suggesting President Donald Trump’s administration appears to be protecting its own interests. German Economy Minister Peter Altmaier defended the planned Nord Stream 2 pipeline as Chancellor Angela Merkel meets President Vladimir Putin in Russia. The US warned it may impose sanctions ...

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Mitsui buys 50% of Taiwan energy firm

Bloomberg Mitsui & Co. Ltd. is buying a 50 percent stake in wind farm developer Yushan Energy Co., giving the Japanese trading house a stake in an offshore power project in Taiwan. Yushan is a unit of Enterprize Energy, which owns a 40 percent net interest in the Hai Long Offshore Wind development in the Taiwan Strait, according to an ...

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