Energy Update

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MEXICO CITY, Jan 14 (Reuters) - Mexican and Cuban energy officials are studying a project that could send compressed natural gas from Mexico to the Communist-ruled island, a top Mexican minister said on Thursday.

* U.S. says China's expansion could threaten freedom of shipping

BEIJING, Jan 15 (Reuters) - China's state planning agency has granted a 2.2 million tonne per annum crude import quota to the independent Dongying Qirun Chemical refinery in Shandong province, it said on Friday.

WASHINGTON, Jan 14 (Reuters) - The Obama administration is due on Friday to announce an overhaul of how the United States manages coal development on federal land, and may freeze new coal mining, according to government and conservationist sources, in a further move to confront climate change.

WASHINGTON, Jan 14 (Reuters) - The Obama administration will announce as soon as Friday an overhaul of how the United States manages coal development on federal land, according to government and conservationist sources, in a further move to confront climate change.

* BHP cuts its oil and gas price assumptions (Adds CEO comments, details)

* BHP cuts its oil and gas price assumptions (Adds CEO comments, details)

WASHINGTON, Jan 14 (Reuters) - Lockheed Martin is committed to the commercial helicopter market despite shrinkage in the sector due to the slide in oil prices since it took over Sikorsky Aircraft from United Technologies Corp last year, a senior executive told Reuters on Thursday.

WASHINGTON, Jan 14 (Reuters) - Lockheed Martin is committed to the commercial helicopter market despite shrinkage in the sector due to the slide in oil prices since it took over Sikorsky Aircraft from United Technologies Corp last year, a senior executive told Reuters on Thursday.

BUENOS AIRES, Jan 14 (Reuters) - State-run energy firm YPF said on Thursday it had signed a preliminary deal worth more than $500 million over three years with American Energy Partners LP (AEP) to explore for shale gas in Argentina's vast Vaca Muerta formation.

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