Qatar and the U.S. Warn EU of Gas Crunch Over Methane Regulation
U.S. and Qatari officials said the rule could push suppliers away and leave Europe facing higher gas prices and tighter LNG supplies.
- Energy Secretary Chris Wright warned the European Union that US natural gas supplies will head elsewhere if the bloc refuses to ease methane regulations, calling the rules "unnecessary."
- Adopted two years ago, the European Union's methane regulation requires gas suppliers to track emissions from wellhead to carrier or face financial penalties, a requirement both the United States and Qatar reject.
- According to Secretary Wright, tracking methane in America's complex production basins is "physically impossible," while the European Union sourced 64% of its LNG from the United States in April.
- Energy Commissioner Dan Jorgensen vowed to resist pressure to revise the rules, as energy ministers prepare to discuss the regulation in Luxembourg Friday, though Brussels previously delayed penalty enforcement until 2030.
- Strained relations highlight a divergence between the European Union's climate goals and the United States' strategy to boost fossil fuel production, with the bloc risking higher prices if it persists with current policies.
18 Articles
18 Articles
The gas from the Middle East flows again, but new EU rules make it impossible for importers to buy gas legally from third countries, complain companies. Opposition to this is on the rise – and Austria is at the forefront.
Qatar and the U.S. Warn EU of Gas Crunch Over Methane Regulation
The United States and Qatar have once again warned the European Union against doubling down on climate policies seeking to penalize the LNG industry, saying that if it continues on this course, the EU will face a gas crunch and higher prices. “There is no viable path to compliance with the regulation”, the top energy officials of the U.S. and Qatar, Chris Wright and Saad al-Kaabi, wrote in a letter quoted by the Financial Times. “Because legal c…
The fuel industry intensifies the pressure on the imminent entry into force of the new obligations under the European Methane Regulation (EU MER).The main companies in the sector warn that the regulation, designed to reduce methane emissions associated with the production and supply of oil and gas, could have unintended effects on security of supply, industrial competitiveness and energy prices in Europe.The warning comes on the eve of the Energ…
US, Qatar urge EU to change methane rules, warn of supply risk
Major energy exporters the U.S. and Qatar urged the European Union on Wednesday to rewrite planned methane emissions rules for oil and gas imports, warning that the policy could disrupt fuel supplies toEurope.
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