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China boasts of shale gas reserves

BEIJING, March 2 (UPI) — The Chinese government said there are trillions of cubic feet of exploitable shale gas reserves in the country but it lacks the technology to explore it fully.

The Chinese Ministry of Land and Resources said there was an est…

Riyadh denies accounts of pipeline blast

RIYADH, Saudi Arabia, March 2 (UPI) — Reports of an oil pipeline explosion in the Eastern Province of Saudi Arabia are a ruse perpetrated by Iran, a Saudi official said.

Iran’s state-funded broadcaster Press TV said there had been an explosion on an…

IEA returns from visit to Baghdad

PARIS, March 2 (UPI) — Delegates from the International Energy Agency said they received strong support from the Iraqi government for a study examining its energy sector.

IEA delegates returned to Paris following a two-day visit with Iraqi officials…

Outside View: The U.S. factor in Russia’s election

By EDWARD LOZANSKYUPI Outside View CommentatorMOSCOW, March 2 (UPI) — For a variety of moral and practical reasons, the United States would be well-advised to avoid getting overly involved in this weekend’s election in Russia.

Panel backs carbon allowance ‘set-asides’

BRUSSELS, March 2 (UPI) — A key European Parliament committee this week approved a measure allowing the EU to withhold carbon emission permits to prop up their market prices.

The EP’s Industry, Research and Energy Committee Tuesday approved a draft …

Outside View: Why U.S. should protest conditions at Camp Liberty

By BRIAN BINLEYUPI Outside View CommentatorLONDON, March 2 (UPI) — If the United Nations won act regarding conditions faced by Iranian dissidents in Iraq, the United States must.

India sets date for scrapping MiG-21 jets

NEW DELHI, March 2 (UPI) — India will begin phasing out its dreaded MiG-21 fighter jets — nicknamed ‘the flying coffin’ — in 2014, Defense Minister A.K. Antony told a Parliamentary committee.

U.S. proposes funding for offshore wind

WASHINGTON, March 2 (UPI) — The U.S. government announced $180 million may be available in a six-year initiative aimed at developing the offshore wind energy sector.

U.S. Energy Secretary Steven Chu said an initial $20 million was committed this yea…

Eni, Gazprom to revise gas contracts

MOSCOW, March 2 (UPI) — Russian gas company Gazprom said it agreed to revise its gas supply contract with Italy’s Eni during bilateral discussions on the South Stream pipeline.

Gazprom Chief Executive Officer Alexei Miller met with Eni CEO Paolo Sca…

Nabucco eyes land studies in Turkey

VIENNA, March 2 (UPI) — The Nabucco pipeline company announced it was ready to start land acquisition studies in more than 20 provinces in Turkey.

“Nabucco Gas Pipeline International will commence activities pursuant to the ‘decision of public utili…

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