Energy Update

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WARSAW, July 2 (Reuters) - Gas flows from Russia's Gazprom
via Ukraine to Poland were back to normal after
falling 20 percent between Thursday and Friday, Polish gas
pipeline operator Gaz-System said on Saturday.

STOCKHOLM, July 2 (Reuters) - Sweden's centre-left
government has decided to approve state-owned utility
Vattenfall's sale of its loss-making lignite mines and
power plants in Germany to Czech investor EPH, Deputy Prime
Minister Isabella Lovin said on Saturday.

WARSAW, July 2 (Reuters) - Poland's gas pipeline operator
Gaz-System said on Saturday gas flows from Russia's Gazprom
via Ukraine dropped 20 percent between Thursday and
Friday, but supplies were now back to normal.

STOCKHOLM, July 2 (Reuters) - Sweden's centre-left
government has decided to approve state-owned utility
Vattenfall's sale of its loss-making lignite mines and
power plants in Germany to Czech investor EPH, Deputy Prime
Minister Isabella Lovin said on Saturday.

RIYADH, July 2 (Reuters) - Saudi Arabia wants to expand its
investments in China's energy industry, its Energy Minister
Khalid al-Falih said late on Friday, part of the world's top oil
exporter's efforts to boost cooperation with a top customer.

HANOI, July 2 (Reuters) - Vietnam has called for an
international tribunal in The Hague to deliver a "fair and
objective" ruling in an arbitration case lodged by the
Philippines that challenges China's expansive claims in the
South China Sea.

SAO PAULO, July 1 (Reuters) - CPFL Energia SA,
Brazil's largest power distributor, said on Friday that the
world's largest utility, China's State Grid International
Development Ltd, will buy a controlling stake in the company for
5.85 billion reais ($1.8 billion).

* Avoids strike that would have cut output

(Adds quote, background)

OSLO, July 2 (Reuters) - Norwegian offshore oil workers and
employers signed a new wage deal on Saturday, avoiding a strike
that would have cut the output from western Europe's top oil and
gas producer by about six percent, employers and unions said.

SAO PAULO, July 1 (Reuters) - CPFL Energia SA,
Brazil's largest power distributor, said on Friday that the
world's largest utility, China's State Grid International
Development Ltd, will buy a controlling stake in the company for
5.85 billion reais ($1.8 billion).

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