Genel Energy Plc fell the most in more than a year in London trading after saying Iraq’s Kurdish authorities plan to scrap its Bina Bawi and Miran natural gas projects. The Kurdistan Regional Government has served notice of its intention to terminate both production-sharing contracts, Genel said Friday in a statement. The company sees “no grounds” for such a move, and will “take steps to protect its rights.” The KRG’s plan is a further blow to the producer, which has been unable to unlock vast gas resources at the fields after talks over their development stalled. Bina Bawi and Miran contain an estimated 14.8 trillion cubic feet of raw gas, which Genel planned to export to a […]