Abundance of Natural Gas, Favorable Gas Pricing Help Drive Demand for Gas Turbines --Power Producers Seeking Flexible, Efficient Methods to Meet Electricity Demand --GE Gas Turbines Surpass 300 Million Hours of Operation GE (NYSE: GE) today announced it will supply two advanced technology aeroderivative gas turbines that will help to power the 2014 Winter Olympic Games in Sochi, Russia. The latest in a series of gas turbine orders received by GE in recent months, the project underscores a strong global demand for flexible, cost-effective and efficient electricity generation.

• May 18, 2011

ISSUE #17
05/16/2011
The celebration of the victory in the 1941-45 Great Patriotic War in Lviv turned into disturbances and clashes. On 9 May 2011, in Lviv representatives of nationalist groups clashed with individuals who were celebrating Victory Day – members of the Communist Party of Ukraine (CPU), the pro-Russian Motherland and Russian Unity parties and veterans. In particular, members of nationalist parties attempted to prevent veterans and civilians from laying flowers at the tomb of soldiers who died in the war. For their part, the supporters of the Motherland and Russian Unity parties unfolded a 30-meter Soviet red flag, which they handed over to local veterans. Nearly 20 people were injured as a result of the clashes. A member of the Freedom nationwide organization was even shot in the leg. READ MORE

• May 18, 2011

A solution to a shareholder dispute over the development of Kazakhstan's most prospective gas field could take anything from six months to 10 years, the head of Russian shareholder LUKOIL (LKOH.MM) said on Tuesday.

• May 17, 2011

Following the welcoming ceremony, face-to-face meeting took place between Ilham Aliyev, President of the Republic of Azerbaijan and Vaclav Klaus, President of the Czech Republic, Azerbaijani President’s official website reported.

• May 17, 2011

In the wake of the French government's decision to ban hydro-fracking, Poland has warned the European Commission (EC) against imposing restrictions on unconventional gas extraction technologies, but given the lack of control the EC has over such issues, the warnings are somewhat redundant.

• May 17, 2011

Eurozone financial ministers are to continue their talks in Brussels, with discussions now expected to focus on the dire state of the Greek economy.

• May 17, 2011

Japanese officials are readying a new approach to stabilizing a reactor at a nuclear plant crippled by an earthquake and tsunami after discovering a leak from the containment vessel of enough radioactive water to fill an Olympic swimming pool.

• May 16, 2011

Pakistanis can now have uninterrupted electricity supply — but for a price.

• May 16, 2011