EU Delays Methane Rules, Opens Refinery Talks as Fuel Prices Hit Records
The European Union will give energy exporters an extra year to prepare for the EU’s methane regulation as the bloc looks to avoid adding costs to energy supply in the second crisis in four years, European Commission President Ursula von der Leyen told the European Parliament on Tuesday. “We will give flexibility to exporters for one more year on methane. This saves additional costs at a moment of…
The European Union has decided to postpone the implementation of its methane regulation for an additional year, allowing energy exporters more time to prepare. This decision was made by European Commission President Ursula von der Leyen, who stated that it would prevent adding to the costs already being faced during this crisis.
Von der Leyen made the announcement in a speech to the European Parliament, outlining the EU's plans to address the soaring energy costs that threaten to increase further in winter. She emphasized that tackling high energy costs is their top priority and that they are working on both short-term measures at home and securing supplies while bringing prices down.
The EU is also initiating a strategic dialogue with refinery operators to find solutions to the ongoing fuel crisis and record-high gasoline and diesel prices across many European countries. The postponement of the methane regulation was anticipated, as EU officials had hinted at the possibility of delaying its implementation, which was scheduled to take effect in January 2027.
Major oil and gas suppliers, such as the United States and Qatar, had previously warned that the regulation would negatively impact security of supply and prices.
Written by urgent.news from OilPrice's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
