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The Nail In The Petrodollar Coffin: Gazprom Begins Accepting Payment For Oil In Ruble, Yuan

Several months ago, when Russia announced the much anticipated "Holy Grail" energy deal with China, some were disappointed that despite this symbolic agreement meant to break the petrodollar's stranglehold on the rest of the world, neither Russia nor China announced payment terms to be in anything but dollars. In doing so they admitted that while both nations are eager to move away from a US Dollar reserve currency, neither is yet able to provide an alternative.

This changed in late June when first Gazprom's CFO announced

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Pattern Turns to Solar After Building Top Chile Wind Farm

Pattern Energy Group Inc (PEGI:US), the developer of Chile’s biggest wind farm, plans to proceed with a solar plant in the top copper-producing nation’s Atacama Desert.

Pattern received an environmental permit for one solar project in Chile and is interested in developing more renewable-energy plants in the country, Chief Executive Officer Michael Garland said in a telephone interview today.

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Special support for nuclear power operators at odds with market liberalization

The industry ministry has proposed a system to support nuclear power generation by setting standard rates for electricity generated with atomic energy.

When the power retail market is liberalized from 2016, electricity will start being traded in a free market.

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Nuclear Shutdowns Leave Belgium Looking for Power

Closure of Three Nuclear Power Plants Leaves Government Fearing Winter Energy Crunch


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Energy secretary pushes for nuclear power

IDAHO FALLS, Idaho (AP) — U.S. Energy Secretary Ernest Moniz championed the use of nuclear power and urged politicians and leaders in the energy industry to adapt and modernize energy production to help minimize the fallout from global warming.

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Building of nuclear power plants in Harbin still uncertain

Russian nuclear corporation Rosatom's attempt to build two nuclear power plant (NPP) units in Harbin, capital of Northeast China's Heilongjiang Province, is a one-sided wish, a person familiar with the matter told the Global Times Tuesday.

Rosatom has been invited to build two NPP units in Harbin,

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Nuclear reactors in northern England to be shut down due to faults


Defects found in boiler units lead to four reactors being taken offline, two at Heysham 1 and two at Hartlepool, for eight weeks

Four nuclear reactors at two large power plants in the north of England are to be shut down temporarily, after inspectors discovered a fault with a boiler unit.

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Kalapakkam nuclear power plant to be commissioned in 2015

New Delhi: Thorium-based 300 MW nuclear power plant at Kalapakkam in Tamil Nadu will be commissioned next year, Parliament was informed today.

Answering a supplementary during Question Hour in Rajya Sabha, Minister of State for Personnel Jitendra Singh said a major part of the project has already been completed and it would be commissioned next year.

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Flicking the switch

Nuclear power in Japan

Restarting nuclear plants is unpopular but crucial for Shinzo Abe

WHEN he was a student in Satsumasendai, Ryuichi Somekawa was taken on trips to the nuclear-power museum next door to the reactors of the Sendai plant.

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The rise and fall of nuclear power, in 6 charts

Nuclear power is slowly going out of style. Back in 1996, atomic energy supplied 17.6 percent of the world's electricity. Today that's down to just 10.8 percent — and it could drop even further in the years ahead.

That's according to the World Nuclear Industry Status Report 2014, which charts the rise and fall of nuclear power over time.

The upshot is that significantly

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