#AceFinanceNews – EUROPE – April 04 – (RT) – “Moving away from pipeline transportation of natural gas, construction of terminals and deliveries of liquefied natural gas will lead to an increase in gas prices in Europe from the current $380 per 1,000 cubic metres to at least $550,” Novak said in an interview to the Russia 24 TV Channel.
“And the question arises: are the economies of European countries ready to supply and consume gas at such a price?” the Minister asked.
The US has insisted that Europe needs to urgently cut its dependence on Russian gas, with the US Secretary of State John Kerry saying Moscow should no’t use energy exports as a political weapon.
“It really boils down to this: no nation should use energy to stymie a people’s aspirations,” Kerry said in Brussels on Thursday, the same day Russia’s Gazprom increased the price to Ukraine another $100 per 1,000 cubic metres.
On Wednesday the US and EU reaffirmed their plan to move away from Russian gas, stressing that developments in Ukraine “have brought energy security concerns to the fore” .
Meanwhile, Russian energy companies have started to feel the pulse in markets outside Europe, mostly focusing on Asia.
Gazprom talked to Kuwait and Egypt about increasing LNG supplies and hopes to sign a long-term supply deal with China next month.
Also, the president of Russia’s oil major Rosneft has toured Japan, South Korea, Vietnam and India.
RT – INS – IT
#AceFinanceNews – SEOUL – March 31 – South Korea on Monday kicked off the process to buy four in-flight refuelling tanker aircraft, Reuters said.
The deal is seen to be worth around $1.31 billion, with plane-makers Boeing and Airbus expected to compete, according to sources.
The purchase will be part of Seoul’s attempts to bolster its air defence in the face of rising tension over the maritime interests of Japan and China, as well as against North Korea.
#AceFinanceNews – SOUTH KOREA – 24 March – South Korea expects to pay around 7.34 trillion won (US$6.79 billion) for 40 Lockheed Martin F-35 fighter jets, Reuters said, citing its sources.
The budget to buy the radar-evading F-35s plus support systems was reportedly announced to a committee overseeing military purchases on Monday.
As Seoul boosts its air defences amid simmering tensions in the region, it also confirmed plans to buy four Northrop Grumman Global Hawk unmanned aircraft to monitor neighbouring North Korea.
The deals come as ties between Japan, China and South Korea have chilled over the past year.
Standard Chartered global presence 2007 (Photo credit: Wikipedia)
The Asia-focused bank is in “advanced talks” to offload Standard Chartered Savings Bank and Standard Chartered Capital in South Korea, the WSJ said, but gave no details of any potential buyer.
A company spokeswoman declined to comment on the report.
The newspaper added that the divestment’s were “mostly small” and would also comprise Standard Chartered’s Lebanese retail bank, its Hong Kong consumer-finance business PrimeCredit, its German consumer bank and its Swiss private bank.
According to the WSJ, the deals are part of the bank’s efforts to combat an emerging markets slowdown and worries about its financial health.
Standard Chartered will publish its annual results on Wednesday.
The London-based bank generates 90 percent of its profit in Asia, the Middle East and Africa.