Global LNG vs the European Union
“,,, relying on discretionary non-enforcement across all 27 EU Member States fails to address the financial and legal risks associated with [LNG] contracts that often span multiple years and that are valued in the tens of billions of euros.” (Wright et. al. below)
Chris Wright of the U.S. Department of Energy, along with major liquified natural gas exporters to the EU, wrote the following letter to the European climate leaders. The complaint regards the punitive regulatory framework required for expanded LNG deliveries to energy-hungry Europe from the viewpoint of “competitiveness, prosperity, sustainability, and energy security.” EU obstructionism centers around methane emissions in the gas-to-LNG-to-gas process.
An Open Letter to Leaders of the European Commission, European Council, and European Union (EU) Member States on the EU Methane Regulation
Dear President von der Leyen, President Costa, and EU Member State Leaders:
As your largest energy suppliers, we are committed to strengthening our economic and strategic partnerships and ensuring Europe’s energy security.…
The post Global LNG vs the European Union appeared first on Master Resource.
Source: https://www.masterresource.org/eu-climate-policy/global-lng/
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