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Amid the turbulence of the credit crunch, investors are increasingly concerned with finding a safe asset class for investment – property values are falling, so are national stock markets and bonds look risky.
The term ‘energy security’ is often used, at least in Europe, as a euphemism for ‘not being over reliant on Russian natural gas’.
It may have taken over 820 days, but on 22 July Europe’s newest utility GDF Suez was finally born, after what can justifiably be described as one of the most painful births in corporate merger and acquisition history.
With the approval of the target of ten per cent of all electricity produced to come from renewable sources by 2025 by the Senate, Chile appears to be finally turning its back on its dependence on foreign gas, particularly from its neighbour, Argentina.