Energy Update

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JOHANNESBURG, April 16 (Reuters) - Facing a long, cold southern hemisphere winter of power cuts, many South Africans are choosing to cope with their frustrations by seeing the lighter side of life in the dark.

MOSCOW, April 16 (Reuters) - President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years, even though he considers it unlikely that the West will lift economic sanctions over the Ukraine crisis soon.

AMSTERDAM, April 16 (Reuters) - Norwegian gas is likely to be price competitive enough to weather an influx of cheaper Russian gas expected into its European market this summer, a senior Statoil official said.

BAKU, April 16 (Reuters) - Azeri oil exports rose 3.7 percent in the first quarter year-on-year, a source at the State Customs Committee said on Thursday, driven by increasing oil output at fields operated by BP.

JAKARTA, April 15 (Reuters) - Indonesia's state-owned energy company Pertamina may invest in an overseas refinery for the first time to help meet the rising fuel needs of Southeast Asia's largest economy, its new CEO told Reuters.

MOSCOW, April 16 (Reuters) - Russian President Vladimir Putin said on Thursday Russia's economy could return to growth in less than two years.

* Brent could hit $70, Reuters analyst Wang Tao says (Updates throughout, changes dateline, previous SINGAPORE)

BAKU, April 16 (Reuters) - Azeri oil exports rose 3.7 percent in the first quarter year-on-year, a source at the State Customs Committee said on Thursday, driven by increasing oil output at fields operated by BP.

MOSCOW, April 16 (Reuters) - Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday.

MOSCOW, April 16 (Reuters) - Energy trader Gunvor has sold its 30 percent stake in Russian coal producer Kolmar, the Swiss-based trader said on Thursday.

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