Energy Update

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PARIS, May 25 (Reuters) - French gas and power group Engie
said it is considering the closure or sale of its
Hazelwood coal-fired plant in Australia as part of its strategy
to exit the fossil fuel.

LONDON/DUBAI, May 25 (Reuters) - OPEC's thorniest dilemma of
the past year - at least from a purely oil standpoint - is about
to disappear.

YENAGOA, Nigeria, May 25 (Reuters) - Nigeria's federal
government should act with caution in the Niger Delta, where
militants have been blowing up oil and gas pipelines, as a
military approach will not calm the situation, the governor of a
state in the region said.

MOSCOW, May 25 (Reuters) - The latest Russian Eurobond
issue, which took place without the participation of major
international settlement agencies Euroclear and Clearstream, is
good for Russia's financial infrastructure, Andrei Kostin, chief
executive of VTB bank, said on Wednesday.

MOSCOW, May 25 (Reuters) - The price of a new Russian
10-year Eurobond was up more than 1 percentage point to trade at
101.375 on Wednesday, two traders told Reuters.

MOSCOW, May 25 (Reuters) - Russia plans to bypass foreign
banks when it issues bonds in future, Finance Minister Anton
Siluanov said on Wednesday, following what he called "absurd"
pressure on Western organisations not to be involved in its
latest Eurobond issue.

* U.S. LPG exports to Asia in May near Feb record of 1 mln T
-IHS

* Hikes FY profit est to at least 65 mln stg from c.50 mln
stg

MUNICH, Germany, May 25 (Reuters) - German companies do not
appear to be concerned about the possibility of Britain leaving
the European Union after a vote on June 23, Ifo economist Klaus
Wohlrabe said on Wednesday.

MOSCOW, May 25 (Reuters) - Russian Finance Ministry may tap
international debt markets once again before the year-end, VTB
bank Chief Executive Andrei Kostin was quoted as saying by RIA
news agency on Tuesday.

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