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October 04, 2013 AT 10:45 AM
PARIS (Reuters) - U.S.-based energy firm Schuepbach Energy is asking the French government for 1 billion euros ($1.36 billion) in compensation for blocking its shale gas exploration permits in France, an industry newsletter said on Friday, citing unnamed sources. French President Francois Hollande has repeatedly ruled out shale gas exploration during his presidency, confirming a ban on hydraulic fracking introduced by his Conservative predecessor. ...