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APEC energy ministers eye Gulf spill, nuclear energy

The Philippines will meet next week with firms drilling for oil and gas in the country to assess safety measures as the largest oil spill in U.S. history prompts Asian nations to weigh likely risks from similar mishaps.

The news came at a one-day meeting of energy ministers of the Asia-Pacific Economic Cooperation (APEC) held as industry concerns grow that the oil spill at BP’s Deepwater Horizon drilling rig in the Gulf of Mexico could raise costs, delay new projects and spur tougher offshore regulations.

The meeting to review regulations is set for the middle of next week, Philippine Energy Secretary Jose Ibazeta told Reuters in an interview on Saturday, adding that there would not be any impact on current projects in the Pacific nation.

via APEC energy mins eye Gulf spill, energy alternatives | Reuters.

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