Energy Update

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NEW YORK, Feb 7 (Reuters) - The average price of a gallon of gasoline in the United States fell 8.2 cents in the past two weeks to its lowest level in seven years, according to a Lundberg survey released on Sunday.

TOKYO, Feb 8 (Reuters) - The Japanese government fund may reduce its stake in Tokyo Electric Power Co to below 50 percent in 2017 if the company achieves its goals including its first bond issuance in six years, the company's president said.

ABU DHABI, Feb 7 (Reuters) - The United Arab Emirates (UAE) said on Sunday it was ready to send ground troops to Syria as part of an international coalition to fight against Islamic State.

ABU DHABI, Feb 7 (Reuters) - The United Arab Emirates (UAE) said on Sunday it was ready to send ground troops to Syria as part of an international coalition to fight against Islamic State.

DUBAI, Feb 7 (Reuters) - Stock markets in Saudi Arabia and Egypt slipped in early trade on Sunday, erasing some of their gains in the previous session after oil prices reversed and global markets sold off at the end of last week.

* Companies seek to safeguard growth for when market recovers

ZAGREB, Feb 6 (Reuters) - Croatia is unlikely to go ahead with plans to build a new coal-fired thermal plant in the northern Adriatic for which it entered partnership talks with Japan's Marubeni Corp, the environment minister said on Saturday.

BEIJING, Feb 6 (Reuters) - Cai Xiyou, president of Sinochem Group, the Chinese energy and chemicals conglomerates, has been put under investigation for serious discipline violations, China's main anti-corruption agency said on Saturday, using the usual euphemism for graft.

NEW DELHI, Feb 6 (Reuters) - India's Jet Airways Ltd said on Saturday its December quarter net profit rose more than seven times, with sharply lower fuel costs helping the carrier post a third consecutive quarterly gain following a series of losses.

MOSCOW, Feb 6 (Reuters) - Russia's additional budget expenditure, including support to ailing state development bank Vnesheconombank (VEB), will amount to approximately 600 billion roubles this year, Russian Finance Minister Anton Siluanov said on Saturday.

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