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Power pricing reform is necessary
The guidelines will abolish electricity and coal contracts from 2013. Coal companies and power plants will be able to settle coal prices through negotiations, says an article in 21st Century Business Herald.
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Feasibility Study for Bulgaria-Serbia Gas Interconnection Completed
Bulgaria's Deputy Economy Minister noted that the existence of gas grid interconnections would give Bulgaria the opportunity to develop the gas market and to persuade the European Commission that it took the problem seriously.
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Pak hardline party says talks with India 'will not be fruitful' without Kashmir solution
Pakistani hardline party Jamaat-e-Islami's (JI) chief Azad Kashmir Abdur Rasheed Turrabi has said the discussions between Pakistan and India would not be proved fruitful until the latter took serious steps towards resolution of Kashmir issue.
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Russian nod for India’s bid to link south with central Asia
India's pet project to link south with central Asia got support from Russian president Vladimir Putin. During their talks in New Delhi last week, Singh and Putin agreed to unfreeze the north-south corridor through Iran within the next year. India has taken the lead role in pushing for the completion of this project.
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India, Russia sign defence deals during Putin's visit
Russia has concluded a challenging 2012 in India with three deals involving additional fighter aircraft and helicopters.
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Naftogaz Ukrainy signs agreement to get Chinese credits for gas-to-coal projects
Ukraine's national oil and gas stock company Naftogaz Ukrainy has signed an agreement with China Development Bank Corporation for $3.656 billion under state guarantee for projects involving the replacement of gas with coal, Deputy Prime Minister Yuriy Boiko's press service announced Tuesday evening.
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Turkey engaged further with Caucasus, Central Asia in 2012
The construction of the Baku-Tbilisi-Kars railroad, also known as the Iron Silk Road, is expected to be completed in 2013. The railway, which is planned to have an initial yearly carrying capacity of 1.5 million passengers and 3 million tons of cargo, will pave the way for Turkey, Azerbaijan and Georgia to achieve better economic integration.
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Turkmenistan produces liquefied natural gas for export
Around 135,000 tons of liquefied gas has been extracted and supplied to consumers in Turkmenistan since early 2012. The main volume is intended for export, the Turkmen Ministry of Petroleum and Mineral Resources said on Thursday.
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