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The quiet global energy revolution
In all the noise of tomorrow’s Budget, many may not spot a small tweak to the fiscal regime for UK oil and gas. Those of us with a close interest in unconventional oil and gas, however, will be watching closely. Last year the Chancellor announced a consultation on a specific tax regime for onshore shale gas development, the results of which are expected on Wednesday.
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Kazakhstan Blackmails Russia over Gas Supplies
Kazakhstan could divert its natural gas supplies from the largest deposit in Karachaganak to China if it fails to sign a contract with Russia.
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Russia condemns 'unfair' Cyprus bank levy
Putin warns proposed levy on bank deposits in Cyprus, a favoured offshore haven for Russian big business, would be dangerous
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China criticizes U.S. anti-missile North Korea plan
China said on Monday U.S. plans to bolster missile defenses in response to provocations by North Korea would only intensify antagonism, and urged Washington to act prudently
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Natural gas development high on energy agenda
The future importance of natural gas in the country's energy mix should be prioritized, and policies should be introduced to boost its development, according to the president of China National Petroleum Corp, the nation's biggest energy company.
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New South Korean Leader Affirms Strategic Partnership with Kazakhstan
Although the threat of war on the Korean Peninsula has been drawing most international attention, from the perspective of Central Asia, another interesting question is whether the new South Korean government will pursue as vigorous a Central Asian strategy as its predecessor.
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Turkmenistan plans production at big gas field
Turkmenistan aims to start production by July at the Galkynysh natural gas field, the world's second largest, said its minister of oil and gas as the country seeks to boost exports of the fuel and diversify its markets.
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Russia may lose over $50 billion should Cyprus default
Cyprus’ debt crisis puts Russian banks and companies at risk of losing billions of dollars. Russian businesses may reportedly lose over $50 billion should the island's government default on its debt obligations according to Moody's credit rating agency.
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