Energy Update

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HOUSTON/NEW YORK, Oct 12 (Reuters) - All it took was a pair
of bolt cutters and the elbow grease of a few climate activists
to carry out an audacious act of sabotage on North America's
massive oil and gas pipeline system.

* Proceeds to be spent on BASF joint venture

(Adds equity market conditions, details on renewable plastics)

LONDON, Oct 11 (Reuters) - OPEC's deal to cut oil production
is unlikely to result in a substantial reduction in actual
supplies, some of the world's biggest oil trading companies said
on Wednesday, meaning the market is unlikely to rebalance until
well into 2017.

* LNG capacity rising amid demand for cleaner energy

(Add comments from CBI official)

* Indian oil imports up 4.4 percent to record 4.47 million
bpd

Oct 12 (Reuters) - Engineering firm Bodycote Plc
said it had appointed Dominique Yates as its finance director
designate, adding that he would take over as its finance head on
Jan. 2.

SINGAPORE, Oct 12 (Reuters) - Liquefied petroleum gas (LPG),
long a niche product used in petrochemicals, as well as for
cooking and outdoor heating, is entering a new era as a wave of
supply from the U.S. shale boom cuts prices, spreading its use
in emerging markets, a major shipper said.

ALMATY, Oct 12 (Reuters) - Kazakh President Nursultan
Nazarbayev has cancelled a visit to Armenia due to a cold, his
office said on Wednesday, adding that there were no concerns
about his overall health.

DOHA, Oct 12 (Reuters) - Saudi air defence forces shot down
a ballistic missile fired by Yemen's Houthi militia toward
Khamees Mushait city in the kingdom's southwest on Tuesday
night, a Saudi-led coalition said in a statement carried by the
state news agency SPA.

SHANGHAI, Oct 12 (Reuters) - Dozens of major Chinese firms
"severely exceeded" pollution limits in the second quarter of
this year, the Environment Ministry said on Wednesday, as the
country struggles to combat widespread air, soil and water
contamination.

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