Qatar Threatens EU Gas Cut Over Sustainability Fines
Qatar’s increased LNG exports to Europe are crucial amid reduced reliance on Russian energy following the Ukraine invasion. Long-term supply agreements exist with several key EU nations. However, the EU’s Corporate Sustainability Due Diligence Directive, aimed at achieving net-zero emissions by 2050, faces criticism for its potential impracticality for companies like QatarEnergy. The directive’s implementation timeline is set for 2027, with a phased rollout over several years. The European Commission has yet to formally respond to these concerns.
John Q. Hosedrinker