LNG Transportation
EU waives penalties against oil and gas companies that violate methane laws
Following pressure from the U.S. Government to roll back rules, the European Commission has instructed EU governments that penalties will be waived for three years by oil and gas companies who 'breach their methane emission law. In recent months, the U.S. and?Qatar oil and gas industry?groups and most EU members states demanded that changes be made to the law, warning it would hinder Europe's ability in securing fuel supplies when imported gas is required to meet emission monitoring standards equivalent to Europe's from January 2027. In order to "avoid supply disruptions", the?Commission stated on Monday that EU countries should not...