Latest News
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Czechs ready to assist Slovakia when Ukraine gas transit offer ends
The Czech Republic is prepared to provide Slovakia with gas transit and storage capacities to assist it safe and secure stable supplies if Ukraine ends a transit offer for Russian gas at the end of the year as anticipated, the Czech Industry Ministry stated on Monday. Market Minister Lukas Vlcek has composed to his Slovak counterpart to say the Czech Republic might supply additional capacity, both in this heating season and on a long-lasting basis, the ministry said. Slovakia, which has a long-lasting agreement with Russia's. Gazprom, has looked for to maintain gas flows through Ukraine although. Kyiv has actually declined to extend a transit deal with Moscow due to the fact that of. the ongoing Ukraine war. Vlcek said alternative supplies to the region would become. more affordable after Germany agreed to exempt countries. transiting gas from a domestic gas levy from Jan. 1. The Czech Republic is among the European countries that no. longer buys gas straight from Russia, however the cost of the German. levy had made it rely increasingy on more affordable gas via Slovakia,. potentially of Russian origin, in recent months.
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Most significant air travel mishaps of 2024
The crash on Sunday of a Jeju Air Boeing 737800 in Seoul eliminated a total of 179 people in the deadliest air disaster on South Korean soil. Here are some of the biggest aviation accidents of 2024, in order of severity: SOUTH KOREA Jeju Air worldwide flight 7C2216, originating from Bangkok, Thailand, and directed to Seoul, crashed on Dec. 29, eliminating all 175 passengers and 4 of the 6 team. BRAZIL Voepass regional flight 2283, an ATR-72 turboprop stemming from Cascavel and directed to Sao Paulo, crashed on Aug. 11 in the town of Vinhedo, eliminating all 62 people on board. In a separate mishap, a small private plane, a twin-engine Piper PA-42-1000, carrying 10 people crashed into shops in the center of the traveler city of Gramado in southern Brazil on Dec. 22, killing everybody on board and injuring 17 individuals on the ground. KAZAKHSTAN Azerbaijan Airlines worldwide flight J2-8243, an Embraer E190 stemming from Baku, Azerbaijan, and directed to Grozny, Russia, crashed near the city of Aktau in Kazakhstan on Dec. 25, killing 39 people. 29 individuals made it through. NEPAL The CRJ-200 aircraft, a little passenger airplane belonging to Nepal's Saurya Airlines, crashed and ignited while taking off from Kathmandu to the Pokhara airport on July 24, killing 18 people on board and leaving one survivor, the captain. MALAWI Malawi's Vice President Saulos Klaus Chilima and nine others, consisting of former very first girl Shanil Dzimbiri, were eliminated on June 10 en route from Lilongwe to Mzuzu, when the military plane they were taking a trip in crashed. THAILAND Domestic charter flight TFT209, a Cessna Caravan C208B registered to Thai Flying Service Co stemming from Suvarnabhumi and directed to Trat, crashed 100 km southeast of Bangkok on Aug. 23, killing all 9 individuals onboard. IRAN Iranian President Ebrahim Raisi and 6 other guests and team of a U.S.-made Bell 212 helicopter passed away in a crash on May 19 in mountainous terrain in the Varzeqan region, near the Azerbaijan border. CANADA Six individuals were eliminated after a Northwestern Air airplane bring global miner Rio Tinto's workers crashed near Fort Smith in Canada's remote Northwest Territories (NWT) on Jan. 23. 4 passengers and two North Western Air Lease team members died in the crash, while one guest endured. JAPAN A Japan Airlines (JAL) airplane hit a. smaller Coast Guard airplane on the runway of Tokyo's Haneda. airport on Jan. 2. All 379 people aboard the JAL plane, an. Jet A350-941 flight, got away the burning airliner, while 5. of 6 crew on the smaller sized aircraft were killed. SINGAPORE One passenger passed away of a presumed cardiovascular disease and 30 were. hurt after a Singapore Airlines Boeing 777-300ER. aircraft from London to Singapore hit severe turbulence on May 21,. flinging passengers and team around the cabin and forcing the. plane to land in Bangkok.
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Cheniere produces very first LNG at Corpus Christi Phase 3 task
Cheniere Energy on Monday stated that liquefied gas (LNG) was produced for the very first time from the very first train (Train 1) of its Corpus Christi Stage 3 Liquefaction Project. As the commissioning procedure continues, the business says it expects significant conclusion of Train 1 to be attained at the end of the first quarter of 2025. Since Nov. 30, the general task completion for the Corpus Christi Stage 3 was 75.9%, the Houston, Texas-based business said in a statement. Upon completion, construction company Bechtel Energy will hand over the care, control, and custody of the finished train to Cheniere, the company added. The Corpus Christi Stage 3 Liquefaction Job consists of seven midscale trains and is projected to produce over 10 million tonnes per year (mtpa) of LNG. When these are significantly completed, the Corpus Christi liquefaction center's capacity is anticipated to surpass 25 mtpa of LNG. Cheniere is the biggest U.S. LNG exporter and the world's. second largest manufacturer of the superchilled gas. The business has. played a crucial function in helping the U.S. become the world's biggest. exporter of LNG. Recently, Venture Global LNG's tanker Endeavor Bayou. left the Plaquemines export plant in Louisiana for Germany,. bring the very first LNG freight produced at the center.
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Serbia prosecutes 13 for train station awning collapse
Prosecutors in the northern Serbian city of Novi Sad submitted an indictment on Monday against 13 people in connection with the collapse of a train station awning last month that eliminated 15 people and sparked a wave of protests. The concrete awning of the recently refurbished roofing collapsed on Nov. 1, killing 14 and hurting 3. Among those injured later passed away of their injuries. Trainees, opposition fans and the public have required to the streets consistently after the accident, which they blamed on widespread government corruption and nepotism that resulted in inferior construction. The federal government rejects the accusations. In a statement, the Higher Public Prosecutor's Office in Novi Sad, stated it had actually prosecuted officials and executives including the previous minister of infrastructure, his deputy and the designers and supervisors of the restoration project. The indictment was brought ... due to warranted suspicion that they have actually dedicated a severe offense versus general safety, ... triggered basic threat ... and (for) irregular and incorrect building and construction works, it said. In line with Serbian law, the indictment just recognized the offenders utilizing their initials. Transportation, Building and Infrastructure Minister Goran Vesic, Trade Minister Tomislav Momirovic and the head of state-run Serbian Railways have resigned over the event. On Nov. 4, Vesic stated he would resign, but that he might not accept obligation for the accident in Novi Sad. On Nov. 21, police detained 11 people in connection with the accident, including Vesic, whom the court released from detention on Nov. 27. Serbia's populist president, Aleksandar Vucic, said those accountable should be held to account.
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Wall Street Journal - Dec 30
The following are the top stories in the Wall Street Journal. Reuters has not confirmed these stories and does not vouch for their accuracy. - Previous U.S President Jimmy Carter, the Georgia peanut farmer whose one term in the Oval Workplace was afflicted by issues at home and abroad but who was granted the Nobel Peace Prize after he left office, passed away Sunday in Plains, Georgia. - The deadliest air mishap ever in South Korea killed 179 people on Sunday, when a twin-engine Boeing 737-800 airliner belly-landed and skidded off the end of the runway, emerging in a fireball as it knocked into a wall at Muan International Airport. - A buoyant stock exchange, decreasing rate of interest and US President-elect Donald Trump's lighter-regulation program will prompt a dealmaking rebound in 2025, dealmakers have stated. - U.S. Democratic leaders wish to hire New York state Assembly member and previous corrections officer D. Billy Jones to help it win an unique election in the Congressional district, as the celebration seeks to tap his working-class background to assist it sail through the mainly rural district.
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New York Times company news - Dec 30
The following are the leading stories on the New York Times service pages. Reuters has actually not verified these stories and does not vouch for their accuracy. - A Boeing 737-800 run by Jeju Air, bring 181 people crash-landed on its belly on Sunday at an airport in South Korea, striking a barrier and taking off into an orange fireball in the worst air travel disaster in the country in nearly 3 years. - The leader of Azerbaijan directly blamed Russia on Sunday for the crash of an Azerbaijan Airlines traveler jet last week, calling on Moscow to accept duty and offer settlement to victims. - U.S. President-elect Donald Trump appeared to weigh in on Saturday on a heated argument among his supporters over the function of experienced immigrant employees in the United States economy, saying he had frequently utilized the visas for those employees and backed the program. - Charles Dolan, who founded HBO, merged a group of small Long Island cable systems into a network he called Cablevision and accumulated a fortune building an ingenious communications, passed away on Saturday. He was 98.
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A minimum of 71 eliminated in Ethiopia roadway accident
At least 71 people died in Ethiopia when a truck packed with travelers plunged into a. river, according to the spokesperson for the southern Sidama. local government and a declaration. The mishap took place in the Bona district, the local. interaction bureau stated in a statement provided late on Sunday. Wosenyeleh Simion, representative for the Sidama regional. federal government, told Reuters on Monday at least 71 individuals had actually passed away,. including 68 males and 3 women. 5 are in a critical condition and taking treatment. at Bona General Hospital, he stated. In a statement late on Sunday the regional communication. bureau had given the death toll as 60. Wosenyeleh stated the truck had missed a bridge and fell. into a river and that the road had many bends. A few of the guests were returning from a wedding. event and some families had lost numerous members, he stated,. including traffic authorities in the area had reported the truck was. overloaded, which likely caused the mishap. The state-run Ethiopian Broadcasting Corporation (EBC). also reported that the passengers were travelling to a wedding. when the accident took place on Sunday. Fatal traffic accidents are common in Ethiopia, where. driving standards are bad and lots of automobiles badly maintained. A minimum of 38 people, mainly trainees, were killed in 2018. when a bus plunged into a gorge in Ethiopia's mountainous. north.
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Financial Times - Dec 30
The following are the top stories in the Financial Times. Reuters has actually not verified these stories and does not guarantee their accuracy. Headings - 'Social worth' might be offered more weight in deciding UK state contracts - EU prepares hot weather 'tension test' on railways and power grids - Russian smugglers import luxury cars from Europe in spite of sanctions Introduction - The British government is thinking about shocking public procurement guidelines to offer higher weight to social worth when selecting personal contractors under strategies that would enable more social enterprises to bid for state work. - Trains and electrical power grids throughout Europe might be stress evaluated for heat under strategies being prepared by the European Union to prepare important infrastructure for the demands of a warming world. - Russian smugglers are charging 10s of countless euros to import luxury cars from Europe, as EU sanctions in response to Moscow's full-blown invasion of Ukraine struck the country's. wealthy.
What challenges lie ahead for Nigeria's Dangote Oil Refinery?
Nigeria's state oil company NNPC Ltd. announced last weekend that it would not be the exclusive purchaser. of fuel produced by the $20 billion Dangote Oil Refinery,. contradicting a declaration made by the refinery recently.
This shift in strategies might complicate the 650,000 barrels per. day (bpd) capability refinery's method to supply gas in. Nigeria.
Here are other obstacles the refinery faces.
UNREFINED SUPPLY
Nigeria's unrefined output has decreased from a peak of 2 million. bpd a decade ago to around 1.3 million bpd due to oil theft,. sabotage, and withdrawal of oil majors from onshore fields to. concentrate on offshore exploration.
The NNPC, strained by financial obligation, has sold some of its future. crude output to cover operational expenses. So, it is having a hard time to. supply sufficient crude to Dangote and smaller refineries.
That has actually required Dangote to source crude from the United. States and Brazil to keep the refinery going.
OFF-TAKER DYNAMICS
The NNPC's decision not to be sole purchaser of Dangote gasoline. implies the refinery, which favours bulk purchases, might now deal with a. fragmented market dominated by regional traders. This might lead to. logistical headaches and pricing disagreements.
Dangote wanted to sell to anybody on condition they buy. a minimum of one million litres, the refinery head Edwin. Devakumar informed Reuters in July.
The regional fuel traders run countless gasoline station. across Nigeria and could bypass Dangote refinery if they find. its terms unappealing. Because case, Dangote has stated it would. export its products.
FUEL RATES
The price of gasoline is a hot-button issue in Nigeria.
That indicates Dangote has to price its fuel competitively. in a domestic market besieged by an expense of living crisis while. still keeping acceptable revenue margins.
The NNPC recently raised fuel rates at its outlets by at. least 39% but labour unions and activists have actually opposed it.
REGULATORY THREATS
The Dangote refinery has actually accused the downstream regulator of. issuing licences for the importation of substandard fuels, while. criticising the upstream regulator for not imposing laws that. required oil manufacturers to supply crude to domestic refineries.
Nigeria's regulative environment is unforeseeable, and. regulators tend to favour enforcement actions over. business-friendly policies when conflicts emerge, industry. authorities say.
Although the Dangote refinery lies in an open market. zone, which facilitates exports, the Nigerian federal government. controls export guidelines.
(source: Reuters)