Energy Update

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BRUSSELS, Dec 17 (Reuters) - EU leaders are set to agree on Friday that the Nord Stream pipeline extension to double shipments of Russian gas directly to Germany must abide by EU anti-monopoly and security of energy supply rules, EU diplomats said.

* Cut-off price was 1.7 billion euros - sources (adds details, background)

The National Renewable Energy Laboratory has released a new report focusing on an area of interest to the geothermal industry located in southern California’s Imperial Valley.

ABUJA, Dec 17 (Reuters) - Nigeria, aiming to boost its crude output, is still grappling with decrepit refineries that fail to produce fuel, which it has to import, the head of state oil firm the Nigerian National Petroleum Corporation (NNPC) said on Thursday.

Over the next two decades, renewable electricity is expected to grow faster in power-hungry emerging markets where production and consumption of goods and services quickly gathers pace.

RIO DE JANEIRO, Dec 17 (Reuters) - Brazilian prosecutors on Thursday charged 12 people with a bribery scheme involving Dutch firm SBM Offshore NV, the world's top leaser of oil production ships, and state oil firm Petroleo Brasileiro SA .

LONDON, Dec 17 (Reuters) - U.S. crude oil imports have accelerated over the last four weeks, pushing commercial crude inventories within a whisker of the record set in April.

The implications of cheap natural gas, federal loans for advanced energy projects and the growing role of renewable sources were just a few of the takeaways provided by speakers during the one-day GenForum Dec. 7 in Las Vegas.

MOSCOW, Dec 17 (Reuters) - Russian President Vladimir Putin said on Thursday he was not sure that the flow of Russian gas to Europe via Ukraine should end when a Gazprom transit contract runs out at the end of the decade.

Renewable Energy Group Inc., a U.S.-based biodiesel producer, surged with the advance of federal legislation that would retroactively reinstate a tax credit for the fuel.

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