EU to give exporters an extra year of flexibility on methane — OilPrice
The European Union will give energy exporters an additional year to prepare for the EU's methane requirements. European Commission President Ursula von der Leyen said this in the European Parliament, OilPrice reports.
Flexibility for exporters
According to von der Leyen, additional flexibility for exporters is intended to help avoid new energy supply costs amid the crisis. She called tackling high energy prices a priority for the European Commission and said that the EU is working on short-term measures for individual member states, as well as on ensuring supplies and lowering prices.
The methane regulation was planned to take effect in January 2027. Earlier this month, European Commissioner for Energy Dan Jørgensen told Bloomberg that he had instructed his services to examine the possibility of postponing the import part of the legislation by one year. According to him, this would give market participants time to meet the new requirements without harming security of supply and prices.
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Dialogue on oil refining
Against the backdrop of the fuel crisis and record-high gasoline and diesel prices in many European countries, the European Commission is also launching a strategic dialogue on European oil refineries. Von der Leyen noted that high costs are putting pressure on businesses and households and could intensify in winter.
The United States and Qatar, which are among the largest suppliers of oil and gas to the EU, have repeatedly stated that the methane regulation could affect security of supply and prices.
