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GE bets on gas

The US energy giant has launched an 11 billion acquisition plan. Today, in Paris, the presentation of a new turbine for the EU market.

The nuclear crisis pushes the big energy companies to reposition their investments and strategies. A situation of uncertainty that has been hovering for weeks, with a backstage full of movements and negotiations. And the current low cost of gas resources, especially in the US, is another important factor.

Just this morning General Electric, which recently announced an 11 billion dollar acquisition plan, is presenting its new turbine for the production of electricity from gas in Paris. "We're investing heavily in this industry, it's not that we don't like renewables or nuclear," said John Krenicki, GE's vice president of energy business. The turbine, intended for the European market, was produced in France: to make it, the American company spent 500 million dollars in research.

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