Energy Update

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A three-judge panel at the U.S. Court of Appeals for the D.C. Circuit on July 5 threw out two government approvals for the Cape Wind Energy Project, which is a proposal to generate electricity from wind turbines off the coast of Massachusetts.

Russia’s concern about water rights is holding up a $1 billion loan package Mongolia is seeking from China to build a hydroelectric dam that would help the landlocked central Asian nation ensure independent supplies of energy.

Plans for the world’s first tidal lagoons off the coast of South Wales could be bolstered by Britain’s exit from the European Union, according to the developer pledging thousands of new jobs if the project is built.

July 15 (Reuters) - Citigroup Inc reported a 14
percent fall in quarterly profit, much smaller than the 25
percent drop Chief Executive Michael Corbat had warned of early
in June.

MOSCOW, July 15 (Reuters) - A Russian court will on July 28
start the trial of airport staff charged in the death of
Christophe Margerie, the head of French oil major Total who was
killed when his jet collided with a snow plough in a Moscow
airport, Russian media reported on Friday.

July 15 (Reuters) - Citigroup Inc reported a 14
percent fall in quarterly profit, much smaller than the 25
percent drop Chief Executive Michael Corbat had warned of early
in June.

Chatter has grown increasingly loud about Indian buying interest for seaborne, imported ethanol and there has been a flurry of new players hoping to jump onto the bandwagon.

* China Q2 GDP growth at 6.7 pct, stronger than expected

(Updates prices, adds BAML comments)

* China says Laos, Cambodia support its position on legal
case

TOKYO, July 15 (Reuters) - Japanese Prime Minister Shinzo
Abe agreed with his Vietnamese counterpart that an arbitration
court's decision this week on the South China Sea must be
observed, Japan's Kyodo news agency said on Friday.

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