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Migrants In Limbo At Budapest Train Station; Surge In Migrants Attempting To Access Eurotunnel; Down Day For Asia-Pacific Stocks; Iowa Voters Speak Out In New Polls; Miley Cyrus Hosts MTV Video Music Awards; Thousands Demand Malaysian PM's Resignation; ENI: "Supergiant" Gas Field Found In Mediterranean. Aired 3-4a ET

Aired August 31, 2015 - 03:00   ET

THIS IS A RUSH TRANSCRIPT. THIS COPY MAY NOT BE IN ITS FINAL FORM AND MAY BE UPDATED.


(COMMERCIAL BREAK)

ROSEMARY CHURCH, CNN ANCHOR: The investigation into a deadly bombing in Bangkok is widening. Police have issued new arrest warrants in the case.

ERROL BARNETT, CNN ANCHOR: Plus a slow start to the trading week in Asia. Stocks are ending the day largely in negative territory.

CHURCH: And Miley Cyrus goes for shock value as host of the MTV Video Music Awards.

BARNETT: Hello and welcome to our viewers in the U.S. and those of you tuned in from all around the world. Thanks for being with us. I'm Errol Barnett.

CHURCH: And I'm Rosemary Church. This is CNN NEWSROOM.

BARNETT: We have new developments out of Thailand to bring you regarding the Bangkok shrine bombing earlier this month. Reuters is reporting Thai police have issued warrants for two more people in connection with that deadly bombing.

CHURCH: Police are now looking for a foreign male suspect and a 26- year-old Thai woman. The warrants come after police found bomb-making materials in the apartment of another suspect. He was arrested on Saturday. The bombing two weeks ago killed 20 people and injured many more.

BARNETT: Now we want to get to the growing migrant crisis in Europe. Hungarian police arrested a fifth person in the connection with the deaths of 71 migrants found in an abandoned truck in Austria last week. The latest suspect, a Bulgarian national was taken into custody late Saturday.

CHURCH: Three Bulgarians and an Afghan citizen have been already been arrested in the case. Authorities suspect a Bulgarian-Hungarian smuggling ring.

And Hungary has been building a barbed wire fence along its border with Serbia to try to keep migrants from crossing. For more on that we turn to CNN international correspondent, Arwa Damon, who joins us live from Budapest.

So Arwa, talk about to us about the situation on the ground there. What are these people having to deal with right now?

ARWA DAMON, CNN SENIOR INTERNATIONAL CORRESPONDENT: Rosemary, these are unimaginable circumstances for a population of people that have already been through so much. This is the scene at the train station in Budapest where people have been camped out for days because Hungarian authorities have not been allowing them to board the train so that they can continue their journey.

Many of them have not showered or bathed for well over a week now and a lot of them keep telling us they don't understand if Germany is willing to take them in, Hungary won't let them go. They don't want to stay here.

Hungary has made it clear they don't want them to stay here or deal with them. The population is not friendly or sympathetic toward their plight. And these are refugees fleeing the wars in Syria and Iraq fleeing hellish circumstances to go through this journey where along the way there were waits under the rain for four days without shelter.

There were hours under the beating sun where they had to plead for a bottle of water. They have been degraded and humiliated to a degree they never expected to get once they received and arrived to Europe. Hungary was meant to be the gateway to a dream of a future.

But instead they are living in these conditions which is driving even more of them to turn to those criminal gangs, the smugglers who do not have their best interest at heart and unfortunately, the sad reality is the by-product of that is horrific tragedies like we saw taking place on the highway between Budapest and Vienna where 71 people suffocated to death in the back of a cooler truck. These people cannot be left to languish like this -- Rosemary.

CHURCH: So Arwa, what are some of the options for the people we see behind you there? And what are they expecting to come out of these discussions in the hope that some solution can come to light?

[03:05:00] DAMON: Well, hypothetically speaking they do have the option of going into a Hungarian refugee camp but nobody wants to do that. And nobody wants to apply for asylum here. They all want to keep going. They are all following the news very closely.

They are very well aware that Germany has said it will host hundreds of thousands of asylum seekers and refugees and the vast majority want to reach Germany. That leaves them with no option but to squat in the streets like this and throughout the entire city of Budapest.

The problem is they are running out of money and struggling to feed the children. People are so frustrated they can't take it anymore. We've seen heart breaking scenes of mothers, adults breaking down completely, having utter hysterics, sobbing uncontrollably because they can't handle the situation any more or being treated like this after everything that they have been through. The reality is that right now, what they really need is for the Hungarian government to speak to the German government and to facility their transit into Germany. They don't understanding why they are not being allowed towards a nation that they want to get to and is willing to host them.

CHURCH: Arwa Damon reporting there live from Budapest in Hungary on the dire situation there on the ground. Many thanks to you, Arwa.

BARNETT: In France the country's prime minister, interior minister and EU commissioner will visit the port city of Calais and the Eurotunnel today. The city has seen a surge of migrants trying to access the tunnel to get to the United Kingdom.

For the latest on all of this, we are joined by our senior international correspondent, Jim Bitterman, on the phone with us from Paris. And Jim, Calais, the Eurotunnel has been a major flash point for the migrant crisis. It is pitting the officials against each other. Everyone has to work together. What might the French and EU officials come up with today as they meet?

JIM BITTERMANN, CNN SENIOR INTERNATIONAL CORRESPONDENT (via telephone): This is announced as nothing more than a public relations exercise, but is it a chance for the French ministers to show that they are taking the lead on this. They are trying to demonstrate that something is being done.

As you mentioned, is it a flash point at the Calais Tunnel. In the last couple months an average of 2,000 migrants a night are trying to get into England via the Eurotunnel. And as a consequence back on August 20th, the interior minister of Britain and in France basically came to an agreement to reinforce security measures, build better fences and put more police on duty trying to stop the flow.

One of the things that the ministers will be visiting today is a refugee center, which is just next door to what they call the jungle up in Calais, which is this area where thousands of migrants are stopped, living in tents, living out in the open with very few facilities at their disposal.

They will take a look at the jungle while they are up there. But whether anything will come out of the meeting, it's unclear. What they have scheduled already is an emergency, an emergency meeting of the interior ministers of all of the European countries for 20 -- for the 15th of September.

That meeting there may be something come of it, but in fact there has been a lot of criticism here about fellow Europeans not doing their bit and the prime minister yesterday was critical of the Hungarians where Arwa was reporting saying they should take down the razor wire they have at the border -- Errol.

BARNETT: As we think about the many nations struggling with this, Jim, you wonder not only what can be done but what is happening within Europe in general. You have Germany agreeing to allow migrants to stay in that nation even if it wasn't the point of contact. You have Italy and Greece which is the hot spot of points of contact for migrants coming into Europe. They have their own financial problems and Hungary doing things another way and the French officials upset at that. In many ways, Europe is searching for its soul at this point is in a moral dilemma.

BITTERMANN: This question of morality is a question that the French prime minister was talking about. These are values that are stretched to the limit and violated by the way people are treating the migrants. This is the heart of the issue.

[03:10:01] And I think that Angela Merkel, for example, showed an amazing amount of generosity basically saying that Germany is ready to welcome 800,000 migrants. That's something we are not hearing from other Europeans.

And what you are saying is right. Each country seems to be taking measures on its own without a lot of cooperation between the countries. And that's what the European community is supposed to be about.

BARNETT: And that is crucial as we note every week, this crisis continues to worsen and as you mentioned, 2,000 migrants per night trying to cross the Eurotunnel. You hope there is agreement in policy soon. Jim Bitterman on the line from Paris, thanks, Jim -- Rosemary.

CHURCH: Errol, the pope is calling for greater cooperation in helping the plight of migrants traveling across Europe. During an address in St. Peter Square on Sunday, Pope Francis asked for prayers for migrants and refugees. He said tragedies like the death of the 71 migrants in Austria, quote, "offend the entire human family."

BARNETT: And to other stories we are following, Yemen's defense ministry said a Saudi-led airstrike on a water bottling factory killed 34 people and left dozens injured. Houthi rebels were using the factory to build explosive devices and provide weapons training to Africa migrants.

CHURCH: The Saudis say they want to restore the Yemeni government, a key U.S. ally against al Qaeda.

BARNETT: ISIS has reportedly destroyed part of a second temple in the city of Palmyra. That's according to a group monitoring the situation there and in fact it says the militants blew up part of the Temple of Bel considered one of Palmyra's most important structures.

CHURCH: And since seizing the Palmyra from government forces in May, ISIS has regularly destroyed monuments it considers sacrilegious including the (inaudible) temple last week.

BARNETT: Now we want to turn to stock prices around the world. We want to take a look at the aftermath of a tough week for investors. Markets in Europe have opened up. It's a mixed back. The FTSE is up almost 4 percentage point. The Zurich SMI is relatively flat, but you see the Xetra DAX and Paris CAC Quarante, both falling more than 0.5 percentage point. CHURCH: And trading in Asia is winding down. It was a difficult day for most of the exchanges there. There is a pattern there, pretty much more than 1 percent down. The Shanghai Composite, similar fall for Japan's Nikkei and in Australia, down more than 1 percent but up nearly 0.5 percent in Hong Kong. We'll keep an eye on that.

But for more on the Asia-Pacific markets, let's go to CNN's Steven Jiang. He joins us from Beijing. This volatility is not unexpected, is it? A lot of people saying this is more about a correction.

STEVEN JIANG, CNN CORRESPONDENT: That's right, Rosemary Church. As you see the Shanghai Composite actually regained much of the losses it experienced in the session. Now down less than 1 percent. As you were pointing out, a lot of people have said this market here. The Chinese statistic was not reflective of the real economy.

Before the June 12th crash the stock market had been experiencing a year-long bull run even though the economic growth here in China had been slowing down considerably with a lot of bleak economic data coming out including manufacturing numbers, export numbers and energy consumption levels.

So even with the plummeting numbers we have seen last week and today again, the market in shanghai is still up compared to a year ago. That's why people say this correction is ongoing and is not complete yet -- Rosemary.

CHURCH: And of course we talked about China's intervention. We saw that interest rate cut. But we're also hearing about these detentions over the weekend. Talk about the impact of those and why China feels it needs to go in that direction.

JIANG: That's right, the Chinese authorities just feel they need to do whatever is necessary to really stabilize this plummeting stock market and prop up prices. The detention you mention is part of the serious measures they have been taking since June 12th.

Over the weekend, the state-run Xinhua News agency revealed more news about the detention of officials from the securities regulatory commission. Executives from a brokerage houses and a financial journalist who supposedly wrote a fake article about the government intentions to stop intervening in the market.

[03:15:04] So this and other measures really have been caught heavy handed by some critics and wrongheaded. They say what China needs is not this knee-jerk reaction, but more market-orient red forms that are more conducive to keeping a healthy economic growth in the long run.

CHURCH: CNN's Steven Jiang keeping an eye on Asian markets, thanks to you.

BARNETT: Never before have three major hurricanes developed in one ocean simultaneously, but it is happening today. Meteorologist, Pedram Javaheri, joins us more with more on this and why it's happening. PEDRAM JAVAHERI, AMS METEOROLOGIST: It's an incredible event. When you think about all the typhoons and cyclones and everything we have touched on in the past. We have seen even three or four at the same time but never before have they been Category 3 or stronger.

We have that in place right now one west of the islands of Hawaii and two of them back to the east and north of the islands. Again simultaneously we've never seen this occur before.

You think about an average hurricane, the kinetic energy, the wind energy in a single hurricane is equivalent to the entire world's energy supply as far as an electrical grid creation in one day one particular hurricane can create.

We have three of them lined up one after another near the Hawaiian Islands. Fortunately, as of right now, it looks like two of these storms will move well north of the islands and another one should dissipate before it approaches any major land masses.

But still we do have tropical storm watches and warnings in place over parts of the Hawaiian Islands. We know this is an area that has been very hard hit with historic rainfall so far this month.

So it loses its major hurricane status in the next 24 or so hours and becomes a Category 1, moves well north of the islands. But it will enhance the rainfall and has the moisture and that is a problem for parts of the island.

Because this area again especially in Honolulu in particular there we know this is one of the driest months of the year, about half an inch falls every single August. August 2015, more than 7.5 inches has fallen and you do the math, 1,400 percent of normal is the amount of rain that has come down in portions of Honolulu.

And of course, we know, last week the disaster that took place there with the flooding that took place and the sewage overflow across that area. But this particular storm will enhance some of the moisture in the area.

Back behind it we have Jimena. This is a Category 5 and just dropping in the past couple hours. But look how it looks from space, this is Scott Kelly's photograph, an astronaut about the International Space Station.

The moon, Jimena, all in one shot, incredible images out of this area and again you see Ignacio go from a 4 to a 3 eventually downgraded to a 1.

At this point, it looks like it will again sway north of the islands, but still heavy rainfall is the main concern over this region with this particular storm system.

So it's something we are watching very carefully and we are watching a development that something we have seen one other time since 1851. Hurricane Fred forming, but look how close it is to the coast of Africa. This is the second farthest east of any hurricane forming in the Atlantic Ocean. The Cape Verde islands, actually a very unusual event taking place there. They put hurricane warnings in effect for portions of the islands.

Typically you see these storms developed well out in the Atlantic Ocean eventually impacting portions of the Caribbean and the Leeward Islands. At this point, we have a hurricane in the works right over off the coast of Africa.

This is something we're watching as it goes towards the middle portion of the week. It will weaken. In an El Nino year development typically in the Atlantic quiets down and it picks up in the Pacific, which is exactly what is going on as well right now following all this.

CHURCH: A lot going on.

BARNETT: It's as if the unusual weather events are the new normal.

JAVAHERI: And on the same day, we get multiple unusual events.

BARNETT: All right, thanks, Pedram. Appreciate it.

Still to come here on CNN NEWSROOM, a new poll in a key state in the U.S. general election is giving a snapshot on voters' frustrations. We'll tell you what they are venting about.

CHURCH: Plus we have all the highlights from MTV's Video Music Awards, including the jaw-dropping outfits worn by this year's host. Guess who?

(COMMERCIAL BREAK)

[03:23:15]

BARNETT: Welcome back, everyone. In the U.S. presidential election, Iowa voters are highly sought after because their state is the first to vote in the party nomination process.

CHURCH: Yes, a new poll is giving an interesting look at the shifting opinions and frustrations of some of these voters. Polo Sandoval has the details.

POLO SANDOVAL, CNN CORRESPONDENT: The new survey of voters in the key state of Iowa is now revealing both Democratic and Republican voters are turning away from the establishment. The "Des Moines Register"/"Bloomberg Politics" poll showing Democratic frontrunner Hillary Clinton lost a third of her support since May.

She still leads, though, 37 percent of likely Democratic caucus goers support her and you have Senator Bernie Sanders, who is receiving 30 percent and Vice President Joe Biden, who is still weighing whether to get in the race or not is getting 14 percent. Appearing on CNN's "STATE OF THE UNION" on Sunday, Sanders credited his pushing for the wealthy to pay more and also college affordability for the rise in his support highlighting some of his policy differences with Clinton.

(BEGIN VIDEO CLIP)

BERNIE SANDERS (D), PRESIDENTIAL CANDIDATE: I believe that when you have so few banks with so much power, you have to not only reestablish glass-steagall but you got to break them up. That is not Hillary Clinton's position. I believe that our trade policies, Nafta, Cafta have been a disaster. I'm helping to lead the effort against the Transpacific Partnership. That is not Hillary Clinton's position.

(END VIDEO CLIP)

SANDOVAL: Clinton who last week ramped out for attacks on the GOP still does have a commanding lead nationally. On to the Republicans now, Donald Trump is a front runner in Iowa as well as nationally, 23 percent of likely Republican caucus goers supporting him.

But neurosurgeon, Dr. Ben Carson is also on the rise. He's in second place with 18 percent with no other candidate getting double digits. The poll shows Trump has been able to dramatically reverse impressions of him, 61 percent of those questions now have a positive view of him.

[03:25:10] In May, he only had 27 percent who rated him that way. One key issue, what the "Des Moines Register" called the "mad as hell" contingent. It's a large group of likely GOP voters mad or frustrated with everyone from President Obama and Hillary Clinton to Republicans in Congress.

CHURCH: Polo Sandoval reporting there. Republican contenders have spent a lot of time on the campaign trail talking about the U.S./Mexico border but one candidate wants to talk about the border to the north.

BARNETT: Republican Scott Walker says building a wall to separate the U.S. from Canada is a legitimate idea. Walker has taken heat in recent weeks for favoring frontrunner Donald Trump's idea of repealing U.S. birthright citizenship as well. He later backed off that stance.

CHURCH: It was a big night in Hollywood as music's hottest young stars turned out for this year's Video Music Awards. Miley Cyrus took on hosting duties for the evening and donned an assortment of colorful, shocking and revealing outfits.

And in perhaps the most dramatic moment of the night, rapper, Nicki Minaj confronted Miley for comments the pop star made in the press. Take a listen.

(BEGIN VIDEO CLIP)

NIKKI MINAJ: And now back to business -- that had a lot to say about me in the press. Miley, what's good? MILEY CYRUS: We're all in this industry. We all do interview and all know how they manipulate -- Nicki, congratulations. Just because the VMAs have already started doesn't mean that the voting is done.

(END VIDEO CLIP)

BARNETT: Was it staged so we'll have something to talk about? I don't know. Now rapper, Kanye West, was honored with this year's Video Vanguard Award and made a surprising announcement before dropping the mic. Listen to this.

(BEGIN VIDEO CLIP)

KANYE WEST: And, yes, as you probably could have guessed by this moment, I have decided in 2020 to run for president.

(END VIDEO CLIP)

CHURCH: Kim Serafin joins me now to chat about the highlights of the MTV Video Music Awards on Sunday. Where to begin? How about Kanye West declaring he will run for president in 2020 after accepting his Lifetime Achievement Award from Taylor Swift?

KIM SERAFIN, SENIOR EDITOR, "IN TOUCH WEEKLY": You know crazy things are going to happen and with Miley hosting and Kanye getting the Video Vanguard Award that something was going to happen. Everyone was waiting to hear what he was going to say. His speech went on and on and on and an intro from Taylor Swift to call back that moment when Kanye interrupted her.

She talked about his album being the first she ever bought and he went on and on about his daughter and called out award shows. And he was on MTV saying things about MTV, talked about his daughter. It was bizarre, but he is running for president in 2020. Get your campaign stickers and buttons ready.

CHURCH: Miley Cyrus hosted the awards in multiple jaw-dropping outfits and shocked everyone. Among one of those shocking moments was that run in she had with Nicki Minaj. What was that all about?

SERAFIN: She did wear clothes. That was a positive. No one knew what she was going to wear. She has had some moments. We were the performance with Robin Thicke. She said that MTV was giving her free rein. They didn't want her to perform again which is why she was hosting.

She had made comments about Nicki Minaj who was not nominated for video of the year. She called out Nicki Minaj and Nicki threw it back to Miley and Miley seemed stunned but she said, you know, well, they take things out of context and went on with her hosting. But it did seem like an interesting confrontation.

CHURCH: It certainly played out in social media and I'm sure we'll hear more on that. Many on social media said that Justin Bieber killed it after his VMA performance after a number of years gone. What was going on there? SERAFIN: He hasn't performed live in a long time. This was a big lead up to him performing live. His new single just dropped. If you were on Twitter in the last week they were leading up to the single dropping and he got up there and he looks like he is trying to be a changed guy.

[03:30:09] And I think everyone wanted to see a different Justin Bieber, a Justin Bieber who is back to focusing on the music and the career and not the antics. This was a fantastic start.

CHURCH: He seems to be looking for some sort of purpose, right?

SERAFIN: Yes.

CHURCH: Be interesting. We'll be watching that closely. Kim Serafin, always a pleasure.

SERAFIN: Thank you so much.

BARNETT: Coming up next, a major energy discovery off the coast of Egypt. Next, why the find could make history. Stay with us.

(COMMERCIAL BREAK)

CHURCH: Welcome back, everyone. You are watching CNN NEWSROOM. I'm Rosemary Church.

BARNETT: I'm Errol Barnett. Your last half hour of the day with us. Let's check your headlines.

Reuters is reporting that Thai police have issued warrants for two more people in connection with the Bangkok shrine bombing. They are looking for a foreign male suspect and a 26-year-old Thai woman. The bombing two weeks ago killed 20 people and injured many more.

CHURCH: The French prime minister, interior minister, and an E.U. commissioner will visit Calais and the Eurotunnel today. The city has seen a spike in the number of migrants trying to access the tunnel to get to the United Kingdom. Meanwhile, EU ministers will meet on September 14th to try to find a solution to the migrant crisis.

BARNETT: Europe's major stock exchanges opened a short time ago. Let look at how the trading week is beginning, the FTSE is up a full percentage point. The Zurich SMI is relatively down but really flat. The Paris CAC Quarante and Xetra DAX, both down more than two-thirds.

[03:35:10] CHURCH: And the trading day is just about finished in Asia. It was a down beat day, arrows down for Australia, more than 1 percent loss, nearly 1.25 percent loss in Japan. Shanghai Composite closed about a half hour ago. That's down 0.8 percent, which isn't too bad in the scheme of things. And then Hong Kong's Hang Seng is still trading right now, but it's fairly flat for sure but keeping an eye on the numbers.

BARNETT: Malaysia's prime minister is dismissing a weekend of protests demanding his resignation. CHURCH: On the eve of the country's celebration of independence from British rule, anti-government protesters jammed Kuala Lumpur's streets. Michael Holmes has more on the financial scandal that sparked the demonstrations.

(BEGIN VIDEOTAPE)

MICHAEL HOLMES, CNN CORRESPONDENT (voice-over): Tens of thousands of protesters gathered in Malaysia's capital for a second day on Sunday sporting yellow t-shirts in support of Malaysia's clean movement. They are demanding that the prime minister's resignation.

UNIDENTIFIED MALE (through translator): The government is dirty. They are corrupted, very bad. We people cannot stand it anymore.

HOLMES: Najib came under fire recently when the public learned that some $700 million was deposited to bank accounts in his name. Najib denies wrong doing claiming they were legitimate deposits from unnamed foreign donors. The former prime minister is the de facto leader of the protest.

MAHATHIR MOHAMAD, FORMER MALAYSIAN PRIME MINISTER: There is no more rule of law. The only way for the people to get back to the old system is for them to remove this prime minister. We must remove this prime minister.

HOLMES: So far, though, Najib has weathered the storm as Malaysians began their Independence Day celebrations. Najib addressed the protests but not the accusations against him.

NAJIB RAZAK, MALAYSIAN PRIME MINISTER (through translator): We reject any form of street demonstration that will threaten the peace and trouble the people because it is not the right channel to voice concerns in a democratic state. There are parties who spark the fire of hostility. If we are not united and lose our solidarity, no problems can be resolved.

HOLMES: Despite heavy police presence, the protests have been peaceful. Michael Holmes, CNN.

(END VIDEOTAPE)

BARNETT: We saw another massive protest on Sunday in Japan. Tens of thousands rallied against a plan by the Prime Minister Shinzo Abe to alter the constitution. It would allow Japanese troops to fight overseas for the first time since the Second World War. Some were calling for Mr. Abe's resignation.

(BEGIN VIDEO CLIP)

UNIDENTIFIED MALE (through translator): Even if the security bill got scrapped, Abe might try to submit it again sooner or later. I want him to step down.

UNIDENTIFIED FEMALE (through translator): If I were to describe Japan with one phrase, it would be a peaceful nation, but right now the unimaginable is happening where peace is being destroyed. That fear is being cast upon this nation right now.

(END VIDEO CLIP)

CHURCH: The bills have already passed the lower House of Parliament and are expected to be approved by the upper chamber, which the prime minister's ruling coalition controls. Critics fear the new laws could draw Japan into U.S.-led conflicts.

BARNETT: An Italian energy company says it may have made the largest natural gas discovery in history and found a, quote, "super giant" gas field off Egypt's northern coastline. The company believes it could produce the equivalent of more than 5 billion barrels of oil and satisfy Egypt's demands for decades.

I want to bring in Robin Mills. The head of consulting at Manaar Energy in Dubai because he is an expert on Middle East strategies and joins us live from Dubai. Thank you for your time today. How much credibility do you think there is in this being the largest natural gas discovery in the world. How encouraging is this?

ROBIN MILLS, HEAD OF CONSULTING, MANAAR ENERGY: Well, it's a very big and very serious company and they wouldn't have announced a discovery like this without being confident of it. But it's not the biggest in the world, but it's certainly on these figures put out the biggest ever discovered in Egypt by a long way and the biggest ever found in the Mediterranean.

And it would be a large field by any global standards and certainly for Egypt it would make a big difference to the country's economy and energy supply.

BARNETT: So now we wonder what will happen if and when this natural gas can be accessed. What would be the market? Egypt, of course, has a number of energy issues that need to be addressed, but selling that supply must also be part of the strategy here.

[03:40:08] MILLS: Well, Egypt has a current deficit of gas supply of about 3 billion cubic feet every day, which is about half its total demand it can't meet. And this field will produce about 3 billion cubic feet per day when it is developed. That would nicely fill the gap.

This will potentially solve Egypt's energy problems for an extended period. I don't expect a lot to be exported because Egypt is a big market with a big deficit. Egypt will be happy to take all of this gas and probably more.

BARNETT: And you have many nations looking for other ways to exploit resources. U.S. President Barack Obama, for example, heading to the Arctic Circle this will week, a new frontier in energy exploration. The U.S. president hoping to highlight climate change, but he is also approving new drilling locations for shale. There is a balance for climate change and energy for developing and developed countries around the world.

MILLS: If you look at natural gas we are seeing giant discoveries around the world in the Mediterranean in East Africa and as you say, people are look in the arctic. The U.S. has enormous amounts of gas on shore with shale gas.

We are in a case where major discoveries have been made around the world and the challenge is to develop them commercially and safely. Gas is a fossil fuel that contributes to climate change but it is cleaner than coal.

And Egypt is look at importing coal and may be able to scrap those plans in favor of gas which is far cleaner so overall this is still a plus for the environment.

BARNETT: What do you see as some of the major challenges not just for Egypt but any nation looking to explore more natural gas fields?

MILLS: If we think about this field in Egypt in particular, it's in deep water and that is a higher cost and technically somewhat challenging but it's probably not impossible. It's a big and capable company that should be able to develop a field like this.

Gas resources are found in difficult area, politically or environmentally difficult like the arctic. And gas prices along with oil prices have fallen dramatically. A lot of large gas finds around the world, the ones more difficult to develop will go undeveloped for a long period because they won't be commercial.

This field has good chances of being commercial but other fields will sit there for many years. And governments have not done themselves favors and put barriers in the way of developing gas resources and the expectations they will always find a market and that is proving not to be the case.

BARNETT: A very promising discovery there in Egypt. Robin Mills, the head of the consulting at Manaar Energy, thanks for your time joining us today from Dubai.

MILLS: Thank you.

CHURCH: We'll take a very short break here. Still to come, U.S. President Barack Obama will soon rename North America's tallest mountain. We would tell you why Mt. McKinley is getting the change. That is next here on CNN NEWSROOM.

(COMMERCIAL BREAK)

[03:47:03]

CHURCH: North America's tallest mountain is getting a name change. U.S. President Barack Obama heads to Alaska on Monday to raise awareness about climate change and while he's there, he'll announce that Mt. McKinley will now officially be known as Denali.

BARNETT: This is a nod to the region's native population which the president said is threatened by global warming. Native Alaskan's have tried for decades to get the mountain's name changed. CHURCH: Let's get more on the significance of what is taking place as far as climate change goes. Pedram Javaheri joins us now with that. I mean, this is pretty amazing part of the world, isn't it? I think you said ground zero for climate change.

JAVAHERI: When we talk about climate change we look at what is happening in the United States, around the world. What is occurring in Alaska is on the order of twice what is occurring in the U.S. in the temperature department.

In the U.S. in the last 30 years, temperatures have gone up about 3 degrees Fahrenheit, in Alaska it's closer to 7 degrees Fahrenheit when you look at the winter temperatures being on the increase.

So you know glaciers and of course, a lot of ice across this area, 75 million tons of ice is melting every year with these temperatures that are increasing. It is absolutely remarkable.

Let's break down the numbers. In the past 50 years, 3.5 degrees increase Fahrenheit and 6 degrees in winter time. And what is jarring is the forecast for the next 50 years. Temperatures could go up 3 to 7 degrees on top of the 6 degrees we've seen in the 50-year period.

Snow is melting far earlier and you have longer wildfire seasons which is what is occurring right now. We are on pace for the longest and most devastating wildfire year, 5-plus million acres in Alaska and 6.5 million acres occurred in 2004 with 750 wildfires scattered about this region.

You look at the average number of large fires in the western U.S. in the 1980s there was 140 in that decade. In the 1990s that went up to 160 and from 2000 to 2012 that number has gone up to 250 large wildfires across portions of Alaska and in the western U.S., 68 active fires at this moment.

Air quality alert in effect for much of the region. The rainfall has come in with winds. We have had hurricane-force winds that have been problematic over parts of the northwest. Winds up to 90 miles an hour over this region of Washington State and the concern, the rain is there but it is accompanied by thunderstorms, some of it being dry lightning as well.

We go back to thinking about Alaska and I talked about this last hour, 90 percent of the wildlife refuge of the country is in Alaska. 70 percent of the country's forests are in Alaska.

[03:50:02] So when you're talking about an impact that's happening twice as much as it is in the United States outside of Alaska it's pretty devastating.

BARNETT: Thanks for the update.

Wes Craven has died after a battle with brain cancer.

CHURCH: His family told the "Hollywood Reporter," he died in his Los Angeles home Sunday at the age of 76. The acclaimed director was the visionary behind "Nightmare on Elm Street" and "Scream" franchises. Actors have taken to social media to express their sadness at the film maker's death.

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BARNETT: This year's Little League World Series championship looked like a sure win for the U.S. after the first inning. But the team from Japan had much different plans.

CHURCH: The bottom of the first, Pennsylvania was winning 10-2 but everything changed for the Japanese team after that. They outscored the U.S. 16-1 including back to back home runs in the second. Japan went on to win 18-11. The two teams set a championship record with 29 combined runs, beating the previous record of 23.

BARNETT: A pitcher for the Chicago Cubs accomplished one of the toughest feats in Major League Baseball. He threw a no-hitter against the L.A. Dodgers.

CHURCH: It was almost a perfect game as well. It's only the sixth no-hitter this season in the majors. The Cubs won the game 2-0.

And for the third week in a row, "Straight Outta Compton" is topping the movie box office. So far the film has taken in more than $134 million in the U.S.

BARNETT: That makes it the highest grossing music biopic in musical bio pic in history. It surpassed "Walk The Line" about Johnny Cash, exceeded it by more than $14 million.

CHURCH: And Zac Efron's music drama "We Are Your Friends" could have used some friends this weekend. The film made a meager $1.8 million at the box office.

BARNETT: That is the worst opening of all time for a major studio film debuting in 2,000 or more theaters. Analysts expected it to make $8 million over the weekend but it bombed.

CHURCH: The girls used to love him. What happened?

BARNETT: Love is fleeting.

You have been watching CNN NEWSROOM, everyone. I'm Errol Barnett.

CHURCH: I'm Rosemary Church. Do stay with us. "EARLY START" is next for our viewers here in the United States.

BARNETT: And for everyone else there is another edition of CNN NEWSROOM after the break. We'll see you tomorrow.

CHURCH: Have a great day.

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