Energy Update

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BEIJING, June 30 (Reuters) - Shanghai's carbon market ended its compliance year on a subdued note on Tuesday, with not a single transaction on the last day and permit prices near record lows after shuttered firms covered by the scheme dumped their permits onto the market.

The Australian government has lowered its forecast on average iron ore prices in 2015 to $54.50/mt FOB, down 10% from $60.40/mt FOB earlier, according to the Department of Industry and Science's latest quarterly update released June 30.

* TABLE: For crude oil price forecasts, see (Adds graphic)

June 30 (Reuters) - Canadian oil producer Cenovus Energy Inc said it would sell its royalty business, Heritage Royalty Limited Partnership, to Ontario Teachers' Pension Plan.

SEATTLE, June 29 (Reuters) - U.S. environmental activists said they planned to protest on Tuesday against the launch of the second of two oil rigs central to Shell's plans to drill for oil in the Arctic.

* Iran nuclear talks expected to overshoot Tuesday deadline (Adds details from oil ministry letter, forex impact)

* Eyes on Iran nuclear talks in Vienna (Updates throughout, changes dateline, previous TOKYO)

LONDON, June 29 (Reuters) - "The first shock of a great earthquake had, just at that period, rent the whole neighbourhood to its centre," is how Charles Dickens described the coming of the railroads to north London.

SOFIA, June 30 (Reuters) - Bulgaria's energy watchdog has postponed a planned increase in energy prices for industry by a month following protests by businesses and pressure from the government.

June 30 (Reuters) - Gulfsands Petroleum Plc said on Tuesday it planned to raise up to $22 million, most of it through a placing of shares to institutional investors, to repay debt and for working capital purposes.

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