Energy Update

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LAUNCESTON, Australia, March 31 (Reuters) - Should Asia be bracing itself for a flood of gasoil from China in the second quarter?

* Annual director fees also reduced 15 pct (Adds details on executive and board compensation pay cut)

VYNGAPUR, Russia, March 31 (Reuters) - Russian petrochemical company Sibur is in talks with shareholder Sinopec about investing in a planned gas chemical plant in Russia's Far East, Sibur boss Dmitry Konov told reporters on Thursday.

March 31 (Reuters) - Peabody Energy Corp, the largest U.S.

* CO2 emissions down 31.5 percent since 1990 (Updates throughout with details)

March 31 (Reuters) - Oilfield services provider Superior Energy Services Inc said it approved the elimination of its quarterly dividend as it looks to shore up its finances amid a prolonged oil price slump that has severely reduced spending by oil producers.

* Net debt down 47 pct to $23.2 bln (Adds analyst's comments, detail, updates shares)

VYNGAPUR, Siberia, March 31 (Reuters) - China Petrochemical Corporation (Sinopec Group) is among a group of companies displaying interest in building the Amur gas processing plant, Sibur chief executive Dmitry Konov told reporters on Thursday.

TOKYO, March 31 (Reuters) - Japan's power utilities will lose their monopoly over electricity on Friday in an unprecedented shakeup that could give a much needed jolt to Japan's long stagnant economy.

* Seeks more than $3 bln from multilateral lenders in 2016/17

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