Energy Update

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* Genel owed $423 million by KRG for oil exports (Updates throughout)

* First half 2016 profit to fall because of contract dates (Adds CEO comments, details)

JOHANNESBURG, March 3 (Reuters) - South African coal miner Exxaro Resources said on Thursday its full-year profit dropped by two-thirds due to a sharp fall in commodity prices.

Ardent observers of the steel trade press might have concluded the month of March came in like a lion after reading the top headlines of Tuesday’s Platts SBB Global Briefing.

(Thu, 03 Mar 2016) Crescent Dunes Solar Energy, a 110 megawatt (MW) concentrating solar power (CSP) electricity plant, began full operation in February, according to its press release. Crescent Dunes uses an energy storage system that developers expect will be able to store enough thermal energy to generate electricity for up to 10 hours after sunset or on cloudy days when direct sunlight is unavailable.

SINGAPORE, March 3 (Reuters) - Cheap oil and strong car sales are driving demand growth for gasoline across Asia, threatening to open up the region's first shortage for the motor fuel in more than 15 years.

SYDNEY, March 3 (Reuters) - Rags-to-riches coal mining baron Nathan Tinkler, who rode the mining boom to become Australia's youngest billionaire before losing it all when coal prices collapsed, has been declared legally bankrupt after failing to pay off a private jet.

* Private jets, horses, sports teams all gone (Adds quotes, details)

NEW YORK/HOUSTON, March 2 (Reuters) - Aubrey McClendon, an oil and gas entrepreneur whose outsized ambition and high tolerance for risk propelled him to become a leading figure in the American energy revolution, died in a single-car crash on Wednesday in Oklahoma City.

LAUNCESTON, Australia, March 3 (Reuters) - - Saudi Arabia's decision to raise oil prices to its main customers in Asia may just be another sign that crude markets are indeed on the road to recovery.

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