LNG importers decry EU methane rules

Industry says compliance is near-impossible and have called for more clarity to prevent cargoes being redirected

LNG importers are struggling to keep up with Europe’s methane measures after new rules on monitoring and reporting took effect in early May. The industry argues the regulations are not fit for purpose and need improving to stop cargoes being shifted to other jurisdictions. What is more worrying is this is just the tip of the iceberg. Speakers at an event in Brussels organised by gas industry association Eurogas on 12 May said the EU Methane Regulation makes it difficult for European LNG buyers to negotiate new supply contracts, and that the rules could jeopardise security of supply. A ‘soft launch’ of the regulation has taken place, with some reporting obligations for EU gas importers, but t