Energy Update

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MOSCOW, Nov 25 (Reuters) - Russian gas producer Novatek
is negotiating borrowing more than 1 billion euros
($1.06 billion) for its Yamal project from European and Japanese
lenders, Novatek's chief executive said in an interview with The
Nikkei.

* Today's LNG pricing is dominated by price reporting
agencies

* 2017 global output seen rising by 6 mln T from this year
-Fry

BEIJING, Nov 25 (Reuters) - A Donald Trump presidency does
not mean the United States will withdraw from the South China
Sea, but rather will continue pursuing "regional hegemony",
Chinese academics who drafted a report for an influential
government think tank said on Friday.

* Saudis plan hiking supplies to some Asian customers in
January

Nov 25 - Australian shares ended Friday higher, underpinned
by materials that rose on an extended rally in base metal
prices.

* Sees palm demand from biodiesel sector at 10.6 mln T by
2020
* Indonesia pushing to boost biodiesel usage
* Should support palm oil prices

SYDNEY, Nov 25 (Reuters) - Airlines flying to and from
Australia's Melbourne Airport on Friday were told they could
only receive half of their normal jet fuel after a series of
supply disruptions, three aviation industry sources said.

SEOUL, Nov 25 (Reuters) - South Korea's Daesung Industrial
Gases, nearly half-owned by Goldman Sachs, will be put up for
auction with first-round bids due in early December - a deal
reportedly worth about 1.5 trillion won ($1.3 billion).

SEOUL, Nov 25 (Reuters) - South Korea's finance minister
said on Friday he expects business conditions to worsen due to
local interest rates tracking rising U.S. yields, and volatility
gripping financial market.

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