Slumping global coal and liquefied natural gas prices will be under further pressure as rising Indian coal production exacerbates a glut of power-generation fuel, according to Goldman Sachs Group Inc. The first LNG shipments from the U.S. expected this year will add to a wave of new supply. Source: Bloomberg
Russia’s Rosneft earlier this week announced that it had started drilling a production well off the coast of Vietnam in the South China Sea. Today, two sources close to the Vietnamese unit of the Russian company told Reuters there were concerns there about China’s possible reaction to the drilling. Source: Reuters
The UK government announced on Thursday plans to facilitate timely decisions on shale gas exploration planning applications in England as part of a plan to reduce dependence on gas imports amid an ongoing decline in the UK North Sea’s conventional gas production. Source: Oil Price
A close ally of German Chancellor Angela Merkel issued a stark warning to the United States about the risks of placing “America First”, accusing Washington of seeking to block a planned Russia-Germany gas pipeline to shore up its own exports. Source: Reuters
