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series of legislative measures to address the energy sustainability issue. But in doing so, it is undermining what’s become the most important energy issue, that of security, in the aftermath of the Russian invasion of Ukraine and the realization that Europe cannot rely on Russia for its gas supply.The EU Regulation on reducing methane emissions in the energy sector, in effect from August 2024, and the proposed Corporate Sustainability Due Diligence Directive (CSDDD) are placing additional barriers to LNG flows to Europe, according to gas producers and traders and the world’s biggest LNG exporters, the United States and Qatar.Importers of LNG may have to divert cargoes away from the EU as of 2027 due to non-compliance with the legislation, which would reduce gas supply just as Europe will have phased out Russian gas flows.The U.S., Qatar, and the gas industry call for immediate, drastic changes to the regulations—or the scrapping of these—if the EU wants to protect its energy security and continue importing LNG from its top suppliers.Methane RegulationThe first-ever EU Regulation on reducing methane emissions in the energy sector came into effect on August 4, 2024.For imports, the next milestone in the regulation is the monitoring, reporting, and verification requirement. Under this requirement, importers must demonstrate – as of January 2027 – that the crude oil, natural gas, or coal imported into the EU was produced in a jurisdiction with monitoring, reporting, and verification requirements equivalent to those applied domestically in the EU.Related: Namibia Plans to Tighten Presidential Grip Over Its Oil SectorThe industry argues that there cannot be verification of emissions from the various sources of gas in an LNG cargo—in the case of the U.S., it is gas produced from thousands of wells across the country, which flows to liquefaction and export facilities. Importers say they cannot verify every single molecule. It’s also unclear how the EU will verify the verification provided by importers.“We have been complaining about many of these things basically since day one,” Andreas Guth, secretary-general of industry association Eurogas, told the Financial Times.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,743.75 -16.25 (-0.24%)Dow Futures47,468.00 -79.00 (-0.17%)Nasdaq Futures24,997.50 -97.25 (-0.39%)Russell 2000 Futures2,386.20 -3.80 (-0.16%)VIX20.00 0.00 (0.00%)Gold4,183.40 -11.10 (-0.26%)PortfolioSign in to access your portfolioSign inTop gainersCLBT Cellebrite DI Ltd. 19.28 +3.31 (+20.73%)ONDS Ondas Holdings Inc. 6.56 +1.05 (+19.06%)FLY Firefly Aerospace Inc. 21.42 +3.11 (+16.99%)SEE Sealed Air Corporation 42.50 +6.12 (+16.82%)TTEK Tetra Tech, Inc. 37.41 +4.96 (+15.29%)Top losersBTDR Bitdeer Technologies Group 11.11 -2.83 (-20.30%)FRMI Fermi Inc. 17.50 -4.26 (-19.58%)BE Bloom Energy Corporation 103.55 -23.17 (-18.28%)FLNC Fluence Energy, Inc. 16.25 -2.96 (-15.41%)VIA Via Transportation, Inc. 43.14 -7.36 (-14.57%)Most activeONDS Ondas Holdings Inc. 6.56 +1.05 (+19.06%)OPEN Opendoor Technologies Inc. 8.56 -0.81 (-8.64%)NVDA NVIDIA Corporation 186.86 -6.94 (-3.58%)SOFI SoFi Technologies, Inc. 28.39 -3.82 (-11.86%)PLUG Plug Power Inc. 2.4900 -0.2400 (-8.79%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersBTC-USD Bitcoin USD 97,070.77 -6,444.84 (-6.23%)TSLA Tesla, Inc. 401.99 -28.61 (-6.64%)ETH-USD Ethereum USD 3,211.02 -328.61 (-9.28%)MSTR Strategy Inc 208.54 -16.07 (-7.15%)COIN Coinbase Global, Inc. 283.14 -20.86 (-6.86%)Top economic events