Energy Update

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KATHMANDU, Jan 19 (Reuters) - Talks between the Nepali government and minority groups to resolve a dispute over a new constitution have fallen apart, opposition leaders said on Tuesday, dashing hopes that protests that have led to crippling fuel shortages will end soon.

BERLIN, Jan 19 (Reuters) - Germany on Tuesday warned against a hasty exit from coal-fired power generation, concerned that such a move could pile more pressure on producers still wrestling with the planned shutdown of nuclear plants by 2022.

* Extra space cuts chance overspill will drive oil price down

HANOI, Jan 19 (Reuters) - A consortium of Saudi Arabia's ACWA Power and South Korea's Taekwang Power Holdings has signed a $2.2 billion thermal power plant investment agreement with Vietnam, ACWA Power said on Tuesday.

* Wants looser monetary policy, but urges fiscal discipline (Writes through, wraps stories on China, monetary policy, budget))

A re-evaluation of biomass for electricity generation appears a certainty, and the evolution of sustainability criteria is likely to retard market growth.

* Projects to be deferred, contract jobs could be affected (Adds details on business review, analyst comment)

From diesel and gasoline to propane and jet fuel, various US refined oil products are less than $1/gal, prices unseen since Pluto was still a planet, as Matthew Kohlman explains.

BEIJING, Jan 19 (Reuters) - CNOOC Ltd aims to cut oil and gas production in 2016, the Chinese state-controlled company said on Tuesday, as global oil prices plumb 12-year lows.

HANOI, Jan 19 (Reuters) - Vietnam has cut retail fuel prices for the second time this month on Tuesday as international crude oil prices have plunged to their lowest in 12 years.

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