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Ukraine to create energy fund worth $1 bln

KIEV, July 6 (Reuters) - Ukraine has ordered state-run energy firm Naftogaz to create a fund worth to $1 billion to finance the purchase, transport and storage of gas, the government said on Monday.

Austria files lawsuit against EU Commission over UK nuclear plant

VIENNA, July 6 (Reuters) - Austria launched legal action on Monday against the European Commission over its backing of British plans for the 16 billion pound ($24.9 billion) development of the Hinkley Point nuclear power plant, Chancellor Werner Faymann said.

EIB in talks to lend more than $500 mln to Polish power firm PGE

WARSAW, July 6 (Reuters) - The European Investment Bank (EIB) is in advanced talks to lend more than 2 billion zlotys ($526 million) to Poland's biggest power producer PGE to help finance its investments, the head of the EIB's Warsaw office told Reuters.<

UPDATE 1-Singapore's Hin Leong sells gasoline in surprise move

* Gasoline still the star performer of oil products (Adds comments)

UPDATE 3-Rolls-Royce cuts profit forecasts as new CEO takes helm

* Shares drop as much as 10 percent (Adds more analyst comment, detail, background, shares)

South Africa's jobless ignite creative power with solar kits

CAPE TOWN, South Africa, July 6 (Thomson Reuters Foundation) - A motorbike accident two years ago in the Cape Town suburb of Milnerton left Pascal Kassongo with a leg fracture, multiple cuts and a written-off bike, crippling his courier business.

RPT-French renewables power grid pilot shows limits of batteries in Europe

NICE, France, July 5 (Reuters) - A major pilot project by Europe's largest power network operator to integrate power from rooftop solar panels into the grid has shown that battery storage of renewable energy is not yet economically viable in Europe.

Poland's Lotos to restart dividend payouts before 2020

WARSAW, July 6 (Reuters) - Grupa Lotos, Poland's second-largest refiner by output, plans to restart dividend payments before 2020, its chief executive was quoted as saying by the Parkiet newspaper on Monday.

BUZZ-Rolls-Royce: worst day in 9 months after warning on profits

** Rolls-Royce slides c.10 pct on strong volumes, after downgrading its profit forecasts for this year and next

RPT-Metals investors look for miners to cut supplies to lift prices

LONDON, July 3 (Reuters) - Investors in industrial metals will keep a close watch on miners' results in coming weeks for possible announcements of production cutbacks that could bolster weak prices.

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