The EU is risking its energy security by aiming to regulate all energy imports in 2027, banning Russian natural gas. This move comes as the EU focuses on slashing emissions and adopting measures that hinder gas supply security post-Russian invasion of Ukraine.

New regulations on reducing methane emissions in the energy sector were implemented in August 2024. However, the industry argues that verifying emissions from various gas sources in an LNG cargo is impractical. Importers may divert LNG cargoes from the EU by 2027 due to non-compliance.

The U.S., Qatar, and the gas industry demand immediate changes to regulations to protect EU energy security and continue importing LNG. Eurogas members, including Shell and BP, warn of diverting LNG cargoes outside the EU if methane rules aren’t revised promptly.

ExxonMobil threatens to exit Europe if the Corporate Sustainability Due Diligence Directive isn’t eased or repealed. U.S. and Qatari energy officials warn the EU that proposed alternatives fail to address key issues in the directive, risking energy supplies and industrial growth.

Industry associations raise concerns about the challenges in tracing the origin of energy molecules due to complex market structures. The International Gas Union supports methane rules’ objectives but calls for closer government-industry cooperation to ensure alignment with industry realities and energy security goals.

Read more at Yahoo Finance: Energy Majors Warn EU Climate Push Could Gut Supply Security