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.
The future of U.S. LNG flows to Europe and emissions reporting will depend on how the methane regulation is refined and implemented.
The Trump administration has taken steps to reduce emissions reporting while focusing on expanding the U.S. natural gas and liquified natural gas (LNG) industry, with the E.U. agreeing to buy $250 billion worth of U.S. energy per year for three years.
Author's summary: E.U. methane rules impact U.S. LNG producers.
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