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Sinochem New Network reports that recently, some oil and natural gas companies called on the EU to suspend the implementation of methane emission regulations. They warned that stricter rules set to take effect next year could affect Europe’s fuel imports. The U.S. government also asks the EU to exclude U.S.-produced oil and natural gas from methane emission regulations. In response, the European Commission has offered companies more flexible compliance options, but has rejected the complete removal of these restrictions. A spokesperson for the European Commission declined to comment on this. A recent survey report released by consulting firm Wood Mackenzie states that after 2027, as much as 43% of the EU’s natural gas imports and 87% of its crude oil imports could fail to comply with relevant regulations. An official from an industry group warned, “Under the current geopolitical circumstances, the EU cannot afford any supply shocks caused by regulations it itself has enacted.” ” Affected by the Middle East conflict, global oil and gas prices surged in March, placing even greater short-term pressure on Europe, which has already begun to gradually phase out energy imports from Russia. Currently, the main oil and gas suppliers to the EU are Norway and the United States.
The EU cannot afford supply disruptions caused by its own regulations