With gas demand in Europe in long-term decline, the EU has access to sufficient supplies in both the short and long-term. That means that contracts for additional LNG are not needed, and only increase stranded asset risk.
The UK government said in February that the country will leave the Energy Charter Treaty (ECT) after the failure of efforts to align it with net zero, joining nine EU Member States including France, Spain and the Netherlands.
A new Nigeria-Germany gas export deal has raised concerns about potential impact on decarbonisation targets.
Just weeks before the start of COP28, the UK government approved the Offshore Petroleum Licensing bill, which envisages annual oil and gas licensing rounds.
In France, a gas boiler ban was introduced in 2022 for new buildings, but boilers are still used by more than 11 million sites for heating purposes.
The Groningen gas field was closed on the back of rising concerns related to earthquakes linked to production activity.
Prime Minister Sunak’s decision to delay UK net zero targets could damage the nation's credibility as a global net zero leader, say experts.
Businesses could cut industrial natural gas consumption by more than 50 percent with investments of €9.5 billion, a new paper estimates.
A new report finds that EU levies on imported methane could help clean up gas operations, but may also lead to a two-tiered global LNG market.