Energy Update

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LONDON, Jan 18 (Reuters) - OPEC forecast on Monday that oil supply from non-member countries will post a larger-than-expected decline this year due to the collapse in prices, boosting the need for crude from the producer group.

* Central, eastern European nations also oppose (Adds quotes, background)

Jan 18 (Reuters) - Canadian oil and gas producer Suncor Energy Inc said it reached an agreement to buy Canadian Oil Sands Ltd, after raising the all-stock offer, valuing the deal at about C$6.6 billion ($4.55 billion), including debt.

* Also to be launched in Italy, U.S., Britain (Adds details on product, context on industry)

BRUSSELS, Jan 18 (Reuters) - Polish President Andrzej Duda said on Monday plans to build a new pipeline to pump Russian gas to Germany bypassing Ukraine is dictated by politics rather than economics and undermines the European Union's solidarity.

BRUSSELS, Jan 18 (Reuters) - Polish President Andrzej Duda said on Monday plans to build a new pipeline to pump Russian gas to Germany bypassing Ukraine is dictated by politics rather than economics and undermines the European Union's solidarity.

SINGAPORE, Jan 18 (Reuters) - An end to sanctions on Iran has driven global crude futures to 12-year lows and brought sub-$20-a-barrel oil in sight, although for some producers that is already a painful reality.

WARSAW, Jan 18 (Reuters) - Poland will consider foregoing dividends from its stakes in power companies to help them invest in the country's troubled coal mines, the treasury minister said in a newspaper interview.

ALMATY, Jan 18 (Reuters) - The weighted average of the Kazakh tenge fell to an all-time low of 374.31 per dollar on the Kazakhstan Stock Exchange on Monday from 360.90 the previous trading day.

* Expects to see cost cutting benefits in 2016 (Adds detail, context)

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