Qatar and the U.S. Warn EU of Gas Crunch Over Methane Regulation

AI Summary

The US and Qatar have jointly warned the European Union that strict methane regulations on the LNG industry could result in a gas supply crunch and higher prices. Top energy officials from both countries expressed concerns that compliance with these regulations is not viable, impacting exporters and importers.

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 compliance remains paramount, exporters and importers alike are unwilling to enter into…