Energy Update

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* Utility battling to keep S.Africa lit up (Adds appointment of new chairman, background)

LONDON, March 31 (Reuters) - Britain's coal imports should show a spike for the first quarter of 2015 as utilities hoard ahead of a tax rise designed to encourage tehm to switch away from the more polluting coal-fired power generation.

Low steel and steel raw materials prices persist. How will China's steel export and environmental policies affect steel raw materials markets?

March 31 (Reuters) - Oil producer Gulf Keystone Petroleum said it raised about $40.7 million through a share placement at a discount of 21 percent to the stock's Monday close.

DUBAI/NEW DELHI/HONG KONG, March 31 (Reuters) - A possible surge in Iranian oil exports from an end to sanctions will reboot a struggle between top Middle East producers for Asian buyers, with Iraq looking the most vulnerable.

JOHANNESBURG, March 31 (Reuters) - Eskom Chairman Zola Tsotsi has stepped down, the South African power utility said on Tuesday, after its board accused him of acting improperly by suspending the chief executive.

TOKYO, March 31 (Reuters) - Japan's third-biggest city-gas supplier, Toho Gas Co, said on Tuesday it signed a basic agreement with a wholly-owned unit of Malaysia's Petroliam Nasional Bhd (Petronas) to buy liquefied natural gas (LNG).

SYDNEY, March 31 (Reuters) - Recent warming of the Pacific Ocean may signal an El Nino weather event is forming, the Australian Bureau of Meteorology said on Tuesday.

WASHINGTON, March 31 (Reuters) - New regulations to cap vapor pressure of North Dakota crude fail to account for how it behaves in transit, according to industry experts, raising doubts about whether the state's much-anticipated rules will make oil train shipments safer.

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