Energy Update

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SOFIA, Dec 11 (Reuters) - Bulgaria started test trading on Friday at its new day-ahead power exchange, which will become operational next month and help liberalise the country's energy market and make it more transparent.

JAKARTA, Dec 11 (Reuters) - Indonesia's chief security minister on Friday said there was no connection between the government and parliament speaker Setya Novanto, who is fighting allegations that he tried to extort shares in the local unit of Freeport McMoRan Inc.

BEIJING, Dec 11 (Reuters) - China said it more than doubled the size of its strategic crude oil reserves between November 2014 and the middle of this year, building inventories at a rate exceeding analysts' estimates of the country's stockbuilding.

Dec 11 (Reuters) - JKX Oil & Gas Plc's second largest shareholder, Proxima Capital Group Inc, said it had sought a general meeting to replace nearly all of the energy company's management with its nominees.

* U.S. acting on China aluminium "dumping", aviation tax breaks

BEIJING, Dec 11 (Reuters) - China's oil reserves stood at 26.1 million tonnes, or 190.5 million barrels, in mid-2015, the country's statistics bureau said on Friday.

LONDON, Dec 11 (Reuters) - European shares fell on Friday as weak commodity prices put pressure on markets before a widely expected rise in U.S. interest rates next week.

LJUBLJANA, Dec 11 (Reuters) - Slovenia's largest fuel retailer Petrol expects 2016 net profit to come in at 68.8 million euros, up from a profit of 64.3 million forecast for 2015, Petrol said on Friday.

* Regional players from Japan, Taiwan, Korea would be challenged

Dec 11 (Reuters) - JKX Oil & Gas Plc's second largest shareholder, Proxima Capital Group Inc, said it sought a general meeting of the company to elect a new management.

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