EU Backs Off Methane Rules as Energy Security Fears Mount

The European Commission (EC) has informed EU governments that they should waive penalties for oil and gas companies that breach its methane emissions law for the next three years, owing to pressure from the United States government to scrap the rules. While the decision is not binding, many member s

Source: OilPrice.com

DW NOTE

The EU postponed methane enforcement rules six months ago to secure LNG supply during the Hormuz crisis — which means this headline is describing a decision that already happened. The bloc chose vendor access over emissions accounting the moment tankers stopped moving through the Gulf.

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