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Trump says US to compete with Russia for Europe gas market

Bloomberg US President Donald Trump eased his tone about a Russian natural gas pipeline to Germany after a one-on-one meeting with President Vladimir Putin, shifting from the harsh criticism he’d levied in Europe last week. “We are going to be selling LNG and will have to be competing with the pipeline and I think we’ll compete successfully, although there is ...

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Global economy’s future is electric, but still dirty: IEA

Bloomberg More of the world will run on electricity in the future, but most of the power won’t be clean. That’s the key message from the International Energy Agency’s latest report on investment trends released on Tuesday. The Paris-based organisation said that electricity generation attracted more capital than oil and natural gas for the second ye-ar in a row, but ...

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Mideast’s biggest petchem plant a step closer to financing

Bloomberg Carbon Holdings hopes to finalise financing for its $10.9 billion petrochemical plant by the end of the year, and expects to begin construction of what would be the Middle East’s largest such facility in the third quarter of 2019. The Tahrir Petrochemical Complex, which will be built in Suez Canal Economic Zone, will be finan-ced by equity and a ...

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