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U.S. natgas futures up over 2 pct before storage report

Oct 29 (Reuters) - U.S. natural gas futures climbed higher on Thursday before the government issues the weekly storage report on forecasts for cooler but still well above normal temperatures over the next two weeks. On its first day as the front-month, November futures on the New York Mercantile Exchange rose 5 cents, or 2.18 percent, to $2.348 per million British thermal units at 10:25 a.m. EDT (1425 GMT). The U.S.

UPDATE 3-Potash Corp cuts output, forecasts as prices slump; shares drop

Oct 29 (Reuters) - Potash Corp of Saskatchewan said on Thursday it would cut production and trim its full-year earnings and sales forecasts, as volatile currencies and economic pressures weigh on demand for the crop nutrient potash.

BUZZ-Cliffs Natural Resources Inc: Smaller quarterly loss

** Company posts a smaller quarterly loss, helped by cost cutting efforts including reducing salaries, sale of non-core assets

LNG glut to steal coal market share

LONDON, Oct 29 (Reuters) - A wave of liquefied natural gas due to hit energy markets over the next couple of years is expected to displace tens of millions of tonnes coal demand globally, helped by government initiatives to move away from polluting power generation.

Hungary plans more energy bill cuts for households, industry

BUDAPEST, Oct 29 (Reuters) - Hungary's government plans to cut energy bills further for households and industrial users, Prime Minister Viktor Orban's chief of staff said on Thursday.

Tanzania ruling party candidate declared presidential vote winner

DAR ES SALAAM, Oct 29 (Reuters) - Tanzania's ruling party candidate, John Magufuli, won the presidential election, the National Electoral Commission announced on Thursday, after the opposition challenged the tallying process and demanded a recount.

French power providers face 11 pct rise in renewables surcharge in 2016

PARIS, Oct 29 (Reuters) - The rising cost of funding renewable energy means utility EDF and other French power providers face an 11 percent rise next year in a surcharge they pay that is used to subsidise the renewable sector, the energy watchdog said on Thursday.

Glencore shrinking its $18 bln commodity inventory mountain

LONDON, Oct 29 (Reuters) - Commodities mining and trading giant Glencore is reducing its $18 billion inventory pile, industry sources say, a move ratings agencies say could help assuage concerns about its balance sheet.

Final decision on Namibia's Kudu gas-to-power project seen mid-2016

CAPE TOWN, Oct 29 (Reuters) - A final investment decision is expected mid-2016 on Namibia's long-delayed Kudu gas-to-power project, which is seen as key to boosting electricity security in the south west African country, a senior government official said on Thursday.

Malawi's hydropower dries up as river runs low, menacing forests

LILONGWE, Malawi, Oct 29 (Thomson Reuters Foundation) - D windling water levels are hobbling Malawi's hydroelectric power supply and putting more pressure on the country's already stressed forests, officials say.

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