Market Chatter: US, Qatar Warn EU Methane Rules Could Trigger Gas Supply Shortages

MT Newswires Live06-23 23:32

The US and Qatar have warned that the European Union could face higher gas prices and supply shortages unless it changes planned methane emissions rules, the Financial Times reported Tuesday, citing a draft letter seen by it.

They argue that most global oil and gas exporters would be unable to comply with the proposed requirements, which would introduce monitoring and reporting standards for methane emissions across supply chains.

The warning, led by US and Qatari energy officials and sent to EU leaders ahead of an energy ministers' meeting, says there is a "narrow window" to change the rules. Algeria and Nigeria also backed the letter, according to the report.

The European Commission, the US Department of Energy and Qatar's Government Communications Office did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 233.74, Change: +2.89, Percent Change: +1.25

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment