Energy Update

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NEW YORK, Jan 5 (Reuters) - The United States is projected
to become a net energy exporter over the next decade due to
rising natural gas exports and falling petroleum product
imports, the U.S. Energy Information Administration said on
Thursday.

* STOXX Europe 600 index ends flat

(Adds detail, updates prices at close)

* Downgrades to Rolls Royce weighs on FTSE 100

(Adds details, updates prices at close)

Jan 5 (Reuters) - U.S. crude oil inventories fell sharply as
higher refining runs prompted a surge in gasoline and distillate
stocks in the last week of 2016, the Energy Information
Administration said on Thursday.

COLOMBO, Jan 5 (Reuters) - Sri Lanka has delayed a joint
venture with China Merchants Port Holdings Company Ltd
to develop a port in its south, where China has also offered to
build an investment zone, a top government official said on
Thursday.

The first time I watched William Kamkwamba’s entertaining and motivating TED talk from 2007, I found myself moved to tears. At the age of 14, Kamkwamba, an inventor from Malawi, built a wind turbine for his family’s farm based on plans from a book in the library.

AMSTERDAM, Jan 5 (Reuters) - A Dutch court on Thursday
upheld a government decision to cap production at the offshore
Groningen gas field, a step aimed at easing the risk of
earthquakes triggered by drawing gas from Europe's biggest
field.

On Dec. 29, the Pakistan Water and Power Development Authority (WAPDA) announced it is moving forward with a modernization project at the 1,000-MW Mangla hydroelectric project to increase the facility’s generating output by 310 MW at an estimated cost of Rs 52.224 billion (US$769 million). 

In another shining example of renewable energy leadership, in 2016, Germany used more renewable electricity than ever before, receiving 32 percent of the gross amount of electricity consumed in the country from sun, wind and other renewable sources.

LAMU, Kenya, Jan 5 (Thomson Reuters Foundation) - When Walid
Amed Ali stands beside the only window in his tiny office, he
looks out on an almost perfect world on the Kenyan island of
Lamu where his family has lived for generations.

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