Energy Update

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MOSCOW, Dec 23 (Reuters) - A Russian court has ordered the arrest of former businessman and oil tycoon Mikhail Khodorkovsky, a spokesman for Russia's Investigative Committee, Vladimir Markin, was quoted as saying on Wednesday by the RIA Novosti news agency.

* SOMO to supply about 160,000 bpd Basra Heavy to India in 2016

TOKYO, Dec 23 (Reuters) - A Chinese coastguard ship equipped with what appeared to be four gun turrets was sighted near disputed islands in the East China Sea, Japan's coastguard said on Wednesday.

Belek, TURKMENISTAN, Dec 23 (Reuters) - Turkmenistan on Wednesday completed a pipeline that can ship gas from the world's second largest gas field to the West or, alternatively, boost eastbound shipments to China and, in future, to Pakistan and India.

* Millburn Commodity Program up 25.3 pct this year - performance data

* But general outlook remains for oil prices as low as $20/b (Adds comment, updates prices)

SEOUL, Dec 23 (Reuters) - South Korea is eager to increase the diversity of its oil suppliers by looking at U.S.

MONTREAL, Dec 22 (Reuters) - A C$460 million ($330.46 million) settlement fund for victims of the 2013 Lac-Megantic crude-by-rail disaster will begin disbursements this week without the participation of Canadian Pacific Railway Ltd , the monitor involved in the payments said on Tuesday.

SYDNEY, Dec 23 (Reuters) - Shares in Aurizon Holdings Ltd were hammered after the commodity rail carrier company lowered its haulage guidance and said it would take a half-year pre-tax impairment of up to A$240 million ($173.47 million).

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