Energy Update

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FRANKFURT, June 19 (Reuters) - More than half a century after the world's first commercial nuclear plant went into operation in the United States, the industry may finally be nearing a way to store radioactive waste underground permanently.

June 19 (Reuters) - Enbridge Inc said it would transfer its Canadian liquids pipelines business and certain Canadian renewable energy assets to Enbridge Income Fund in a deal valued at C$30.4 billion ($24.81 billion).

ST PETERSBURG, Russia, June 19 (Reuters) - President Vladimir Putin said on Friday Russia was doing well in tackling its economic crisis, aggravated by Western sanctions over the Ukraine crisis and a fall in global oil prices.

* Says Russia's existing pipeline capacity underused (Adds context, detail)

KHOBAR, Saudi Arabia, June 19 (Reuters) - Saudi Arabia and Russia have signed an agreement to cooperate on nuclear energy development, a Saudi government body in charge of such projects said.

BRUSSELS, June 19 (Reuters) - State-owned Bulgarian Energy Holding (BEH) has offered concessions in a bid to settle European Union antitrust charges that it blocks rivals in the Bulgarian wholesale power market, the European Commission said on Friday.

ST PETERSBURG, Russia, June 19 (Reuters) - Greece and Russia signed a memorandum on Friday on extending the planned Turkish Stream gas pipeline to Europe through Greek territory, with financing coming from Russia.

* U.S. shale producers see higher output this year (Updates prices, adds quote; previous dateline SEOUL)

BEIJING, June 19 (Reuters) - China's construction on disputed reefs in the South China Sea will not destroy ocean ecology, the country's maritime regulator said, in the face of complaints from the Philippines that the work is damaging coral in the area.

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