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Daily Telegraph: Database: Energy: Friday 29 December 2006

Last Updated: 1:34am GMT 29/12/2006

• Centrica, the UK’s biggest energy supplier, said four employees were among six people who died in a helicopter crash this week in the Irish Sea, in Morecambe Bay off the coast of north-west England.

• Gazprom, Russia’s natural-gas export monopoly, is in talks with Belarus to avoid a possible January 1 halt in shipments that would cut deliveries to Europe for the second time in a year. Belarus has threatened to block supplies after the price for gas for itself rose.

• Royal Dutch Shell and its Japanese partners will take on $3.6bn (£1.84bn) of costs to develop the Sakhalin-2 oil-and-gas project in Russia, lowering the amount state-run Gazprom will spend to join the project and the hastening the state’s share becoming profitable.

• Royal Dutch Shell and its partners will proceed with development of an offshore field in Brazil’s Santos Basin after finding it to be commercially viable.

• BG, the UK’s third-biggest electricity-and-gas producer, said it agreed to buy a power plant in the north-eastern US from a group of private investors for $685m (£350m).

• GTL Resources, a UK company developing alternative fuels, started an ethanol plant in Rochelle, Illinois.

http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/12/29/cxbloom29.xml

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