A disruption of natural gas supplies to Europe by an escalation of Russia’s military action in Ukraine may boost LNG demand and prices in Asia and South America, according to Societe Generale SA and Morgan Stanley.
European Union officials are reviewing an antitrust complaint against OAO Gazprom, the Russian state-controlled gas company, as they weigh how the two- year-old dispute will affect the conflict in Ukraine, according to people familiar with the case.
The European Union plan to automatically adjust supply of carbon permits will start to be discussed by the region’s Parliament in September, according to the assembly’s environment committee chair Matthias Groote.
Commodities declined from the highest level in almost six months on speculation that the threat to energy and agricultural supplies from escalating tension in Ukraine’s Crimea region may be exaggerated.
The European Union should ensure that future climate and energy policies do not undermine the competitiveness of its industry, already weakened by a price gap with the U.S., the bloc’s member states said.