Snap off tough ends of asparagus. Remove scales from stalks with knife or vegetable peeler, if desired. Place spears in steaming rack over boiling water; cover and steam 4 to 5 minutes or until asparagus spears are crisp-tender. Transfer steamed asparagus to serving platter.
saute pine nuts in small skillet over medium heat 2 to 3 minutes or until browned. Set aside.
Combine olive oil and remaining ingredients in medium saucepan; stir using wire whisk to blend. Cook over medium heat 2 to 3 minutes or until thoroughly heated, stirring constantly. Pour over asparagus. Sprinkle with pine nuts. Let stand to room temperature before serving.