EU Rules on Methane Curbs May Boost LNG Industry, Exxon Says
- Methane emissions mainly linked with gas production, transport
- EU rules apply methane monitoring, tracing measures to imports
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New rules on curbing methane emissions in Europe’s energy sector may actually boost the case for liquefied natural gas and shouldn’t affect exports from the US.
“All of the progress around emissions reduction is positive for the gas business,” Peter Clarke, senior vice president for global LNG at Exxon Mobil Corp., said at the Wood Mackenzie Ltd. oil and gas conference in London. “Ultimately it delivers what we are selling, which is a lower greenhouse gas-intensity fuel, and takes coal out of the picture if you do it properly.”