Energy Update

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JERUSALEM, March 27 (Reuters) - Israel's Supreme Court blocked a controversial plan to develop the country's natural gas fields on Sunday, dealing a blow to energy companies operating in the eastern Mediterranean and drawing fire from the government.

JERUSALEM, March 27 (Reuters) - Israel's energy minister said that the Supreme Court made an "unfortunate decision" on Sunday in blocking a government plan to develop offshore natural gas fields, adding that the move may cause irreversible damage to Israel's energy sector.

BAGHDAD, March 27 (Reuters) - Powerful Iraqi Shi'ite Muslim leader Moqtada al-Sadr entered Baghdad's Green Zone, the heavily-fortified centre of the city housing government and other official buildings, on Sunday to keep up pressure on the government to enact reforms.

BAGHDAD, March 27 (Reuters) - Powerful Iraqi Shi'ite Muslim leader Moqtada al-Sadr entered Baghdad's heavily fortified Green Zone on Sunday to continue a sit-in which his supporters began at the district's gates more than a week ago to pressure the government to enact reforms.

DUBAI, March 27 (Reuters) - Egypt's stock market fell back from near technical resistance on Sunday while Gulf markets also slipped in the absence of fresh, positive news.

DOHA, March 27 (Reuters) - Qatar's Al Jazeera broadcasting network is laying off about 500 employees or more than 10 percent of its staff, it announced on Sunday reflecting financial pressures on the tiny Gulf state due to low global prices for oil and natural gas.

TOKYO, March 27 (Reuters) - The construction of a $4 billion, 2,000-megawatt coal-fired power station in Indonesia will begin on April 1 after years of delay as land acquisitions are finally complete, Japan's Nikkei business daily said on Sunday.

WASHINGTON, March 26 (Reuters) - Republican presidential front-runner Donald Trump told the New York Times he would consider stopping U.S.

WASHINGTON, March 26 (Reuters) - Republican presidential front-runner Donald Trump told the New York Times he would consider stopping U.S. oil purchases from Saudi Arabia unless the Saudi government provide troops to fight Islamic State.

ISLAMABAD, March 26 (Reuters) - Iranian President Hassan Rouhani said on Saturday that Iran had completed work on its side of a much-delayed pipeline pumping natural gas to Pakistan and would be in a position to provide gas to its energy-starved neighbour in a few months.

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