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UPDATE 1-Pipeline operator Genesis to buy Enterprise's U.S. Gulf business

July 16 (Reuters) - Pipeline company Genesis Energy LP said it would buy Enterprise Products Partners LP's Gulf of Mexico pipelines and services business for about $1.5 billion to expand its offshore pipelines business.

Bypassing Ukraine will be costly for Russia's Gazprom - analysts

MOSCOW/PRAGUE, July 16 (Reuters) - Russia's plans to drop Ukraine as a route for pumping natural gas to Europe will still leave state-run Gazprom facing about $1 billion in annual transit fees to Slovakia and Bulgaria for years to come, analysts and industry sources say.

UPDATE 1-French minister caps EDF power price hikes again

PARIS, July 16 (Reuters) - French Energy Minister Segolene Royal capped a planned rise in household electricity prices on Thursday, overruling regulatory recommendations designed to compensate power provider EDF for earlier controls.

Pipeline company Genesis to buy Enterprise's Gulf of Mexico business

July 16 (Reuters) - Pipeline company Genesis Energy LP said it would buy Enterprise Products Partners LP's offshore Gulf of Mexico pipelines and services business for about $1.5 billion.

Crisis-hit Polish miner KW says needs investors by end-Aug

KATOWICE, Poland, July 16 (Reuters) - Kompania Weglowa (KW), the European Union's biggest coal miner which is on the brink of bankruptcy, needs to find investors by the end of August, its chief executive said on Thursday.

UPDATE 1-Dragon Oil's largest shareholder ENOC says no to dividend payment

July 16 (Reuters) - Dragon Oil Plc's largest shareholder, Emirates National Oil Co Ltd (ENOC), said the oil producer no longer needed to pay a dividend to shareholders, stepping up pressure in its bid to take over the company.

UPDATE 2-India's JSW shelves plan to buy cricket team, cites graft-hit IPL's "negative aura"

* Some of India's biggest corporate names invested in league (Adds quotes, background, detail)

South Korea credit agency pledges to help firms snare Iran business

SEOUL, July 16 (Reuters) - South Korea's export credit agency pledged on Thursday to provide financial support to Korean firms trying to secure business in Iran, as industrial countries jockey to enter the market after the nuclear deal.

Kinder Morgan buys Shell’s share in Elba Liquefaction

Kinder Morgan is consolidating its ownership of Elba Liquefaction Company (ELC) in the US with the acquisition of Royal Dutch Shell’s share.

UPDATE 1-Rotterdam port and Russian investor cancel oil terminal plan

AMSTERDAM, July 16 (Reuters) - Rotterdam, Europe's largest port, said on Thursday that plans to build a Russian-backed 3 million cubic metre oil storage terminal had been cancelled after its Russian partner raised concerns over the project's feasibility.

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