US, Qatar Warn EU 2030 Methane Rules Could Trigger Gas Crunch
Updated
Updated · OilPrice.com · Jun 24
US, Qatar Warn EU 2030 Methane Rules Could Trigger Gas Crunch
3 articles · Updated · OilPrice.com · Jun 24
Summary
A joint letter from the United States and Qatar said EU methane rules leave “no viable path to compliance,” warning importers and exporters will avoid contracts that could breach EU law.
The warning, ahead of EU energy ministers’ Friday meeting, says the regulation will bring “significant supply and price impacts” as it expands this year to all energy suppliers selling into the bloc.
Algeria and Nigeria also signed the letter, broadening pressure on Brussels even after the EU delayed financial penalties under the regulation until 2030.
The dispute matters because the EU gets 59% of its LNG from the United States—64% in April—leaving the bloc exposed if major suppliers resist the methane regime.