European Union sets methane emission limits for oil and gas 16:48

EU countries have approved a law limiting the import of fossil fuels with high greenhouse gas content. writes about this Reuters.

The EU will introduce maximum methane density values ​​for oil and gas released from 2030, the agency said.

Suppliers who exceed the set limit may face financial penalties. Experts estimate that the new standard could reduce global methane emissions from the oil and gas sector by a third.

“This import standard has the potential to reduce global methane emissions from oil and gas by a third,” said Alessia Virone, EU affairs director at the nonprofit Clean Air Task Force.

Tighter requirements are likely to affect major gas suppliers such as the United States, Algeria and Russia. Moscow has sharply cut off supplies to Europe since the invasion of Ukraine in 2022. The main pipeline exporter to the EU is Norway, whose supplies have one of the lowest methane concentrations in the world.

The Biden administration, which is working with the European Union to reduce methane emissions by 30% by 2030 in order to prevent climate change, welcomed the EU methane law. Last year, the United States also imposed requirements on oil companies to limit methane leaks.

Yesterday it became clear that Europe to try Diverting Russia’s LNG from Asia through sanctions.

Previously three EU countries spoke Opposes tightening sanctions against Russian tankers.

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Source: Gazeta

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