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While not explicitly singling out Trump’s policies for criticism, they said Russian gas was a vital part of the energy mix and that liquefied natural gas, touted by Washington as a viable alternative, was too expensive. Royal Dutch Shell (RDSa.AS) CEO Ben van Beurden said if the U.S. imposes sanctions on export projects, his company will have no choice but to abide by those restrictions. But he added: “It’s clear that Europe will need more imports, indigenous production in Europe is in decline, we will need to import in Europe from multiplicity of sources.”.
“Russia has been a very reliable supplier of gas for many sterling silver atlas carrying the world cufflinks decades ., The cost of supply of Russian gas is probably one of the most competitive,” he said at the forum, Patrick Pouyanne, chief executive of French oil major Total (TOTF.PA), said LNG produced at Russia’s Yamal project was highly competitive, with more competitive projects still to come, “I think it’s just only (the) start of the story and this will be one of the largest provinces for natural gas in the world.”..
Both Shell and Total have a vested interest in keeping Russian gas flowing to world markets. Shell is an investor with Russia’s Gazprom in the Sakhalin-2 LNG project off Russia’s Pacific coast, while Total is an investor in the Yamal project. Saudi Arabia is Russia’s rival on the global oil market, but Saudi Energy Minister Khalid al-Falih, who was also at the energy forum, said the world needed Russian gas. He said national energy firm Saudi Aramco wanted to be involved in delivering Russian LNG to world markets, including to Saudi Arabia.
“There are great resources, great conditions (in Russia) and the market forces here in Russia are very conducive to globalisation and to allowing this competitive healthy process of bringing the cheapest resources to the markets,” he said, The Trump administration has sought to sanction Russian export pipelines before, but stayed its hand after sterling silver atlas carrying the world cufflinks intense lobbying from the European Union (EU) and business groups, But the issue has returned to Washington’s agenda this year, Russian President Vladimir Putin told the forum that Russian gas exports to the EU would this year reach a record level of 200 billion cubic meters..
He said that LNG imports from the United States were 30 percent more expensive than Russian gas, and that the German economy would be rendered uncompetitive if it had to rely on the U.S. imports. Referring to the U.S. President’s warnings of sanctions, Putin said: “I understand Donald, he’s fighting for his country’s interests, for his industry, and he’s right to do that.”. “But in this case American LNG on the European market is more expensive, not by a bit but by 30 percent. That’s way too much.”.
PARIS (Reuters) - French Finance Minister Bruno Le Maire said on Wednesday he would press General Electric’s new chief executive to stick to French job creation pledges made by the CEO’s predecessor, The French government brandished the threat of fines in June after former GE Chief Executive John Flannery told Le Maire that the company would fail to create as many jobs as promised when it bought Alstom’s energy business in 2015, The group ousted Flannery on Monday, replacing him with outsider Larry Culp while booking a $23 billion charge to write off goodwill at its power division, primarily sterling silver atlas carrying the world cufflinks from the 2015 acquisition..
“I will make contact in the coming days with General Electric’s new CEO to ask him to keep his predecessors commitments to the French state and workers,” Le Maire told lawmakers in the lower house of parliament. GE had committed to create 1,000 net new jobs by the end of this year when it bought Alstom’s (ALSO.PA) energy business, but Flannery said in June that that target was “out of reach”. The government later raised the possibility of fines worth 50,000 euros for each job not created.
DETROIT (Reuters) - North American orders for Class 8 semi-trucks jumped 92 percent in September as trucking companies continued to struggle with tight capacity in a booming U.S, freight market, FTR, a company that tracks the industry, said on Wednesday, September was the 10th best sterling silver atlas carrying the world cufflinks month ever for North American sales of big rigs and capped the highest-ever quarter for sales, Preliminary orders for the big 18-wheelers that haul freight along the highways of the United States, Canada and Mexico reached 42,300 trucks, up 92 percent from 22,082 in September 2017..