E.U. Methane Rules a Problem for U.S. LNG Producer
European Union (E.U.) officials are upholding a first-of-its-kind methane emissions regulation on imported fuels, creating significant uncertainty for the U.S. natural gas and LNG industry.
The regulation has led to uncertainty about its implementation, causing European gas and LNG market participants to curtail some contract negotiations.
Energy Secretary Wright and key E.U. officials agree that changes need to be made to the regulation.
How the methane regulation gets refined and implemented will determine the future of U.S. LNG flows to Europe and emissions reporting.
The U.S. has agreed to sell $250 billion worth of energy per year to Europe for three years.
Author's summary: EU methane rules impact US LNG producers.
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