Energy Update

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The executive director of the International Energy Agency on Monday said that the global power sector needs to double its investment in renewables if it is to meet the Paris climate goals.

DAVOS, Switzerland, Jan 20 (Reuters) - Oil executives and
Middle East producers are concerned that trade tensions between
the United States and China risk clouding the outlook for global
energy demand growth and a recovery in the price of oil.

Abu Dhabi clean energy company Masdar has acquired a 25 percent stake in Statoil’s floating wind farm project in Scotland. Hywind Scotland is a 30 MW wind farm in the North Sea which Statoil has been developing for several years.

DAVOS, Switzerland, Jan 20 (Reuters) - Russia's economy
could grow by 2 percent in 2017 as long as there are no external
shocks such as a renewed fall in oil prices, Economy Minister
Maxim Oreshkin said on the sidelines of the World Economic Forum
in Davos.

* Soaring demand from Pakistan, China tightens Asia's LNG
market

STOCKHOLM, Jan 20 (Reuters) - Telecom operator Telia
is considering a bid for Denmark's TDC,
which is itself exploring a takeover of Swedish cable TV firm
Com Hem, Dagens Industri (DI) reported on Friday, citing unnamed
sources.

Jan 20 (Reuters) - Hong Kong stocks ended a thinly-traded
week down and snapped three weeks of gains on Friday, as
investors were wary ahead of Donald Trump's inauguration as the
45th U.S. president later in the day.

BEIJING, Jan 20 (Reuters) - Chinese coal miners are so
determined to cash in on a window of high prices that many are
slashing holiday leave for workers and raising pay through the
Lunar New Year celebrations before government introduces limits
on output again.

* Commercial fishing operators await release of MH370 search
data

ORESHKIN SAYS C.BANK COULD START BUYING FOREIGN CURRENCY TO
STERILISE EXCESSIVE BUDGET REVENUES ABOVE $40/BARREL

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