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Israel's Leviathan to begin supplying gas by end of month -Noble

Israel’s largest offshore natural gas field, Leviathan, will begin supplying the local market by the end of this month, with exports to Egypt and Jordan following shortly after, an official from the field’s operator said on Monday. “Within 2-3 weeks we will open the wells and start to supply the gas,” said Binyamin Zomer, vice president for regional affairs at Texas-based Noble Energy, reaffirming the company’s pledge to begin production by the end of 2019. “Before the end of the year we will start supplying the domestic market, and the in the weeks right after that we will …read more […]

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EMERGING MARKETS-Stocks inch up after strong China data; Gazprom boosts Russian shares

Emerging market stocks edged up on Monday after declining for two straight sessions, as investors cheered an unexpected rebound in Chinese manufacturing activity, while Russia’s Gazprom hit a three-week high as it began gas supplies to China. Gazprom’s shares were set for their best day in more than a week, as Russian President Vladimir Putin said supplies to China via the Power of Siberia pipeline would help the two countries reach $200 billion in trade by 2024. …read more […]

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WTO finds Airbus still receives some EU subsidies – sources

PARIS/BRUSSELS (Reuters) – The World Trade Organization has found that the European Union has failed to withdraw all subsidies to planemaker Airbus , three people familiar with the matter said. A new compliance report expected to be published as soon as Monday has found that the Airbus A350 jetliner continues to be subsidized as a result of earlier government loans, they said. Neither the WTO nor the parties in the 15-year-old trade case, which involves mutual claims of billions of dollars of subsidies to both planemakers, had any immediate comment. …read more […]