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The EU’s Self-Inflicted Supply Gap | The EU Methane Regulation (EUMR) | Drilling Down ep 7
The EU Methane Regulation (EUMR) will be imposing new importer requirements on oil and gas companies as of the beginning of 2027.
This could lead to 43% of natural gas and 87% of oil imports being excluded from the EU market due to non-compliance according to this study: https://iogpeurope.org/projects/the-impact-of-the-eu-methane-regulation/
The result? An energy supply gap for the EU, demand destruction, unaffordable energy, and increasing security of supply concerns. Amrit Naresh, Director of Energy Consulting at Wood Mackenzie joins us on this episode of Drilling Down to break down the findings of a study commissioned by Fuels Europe and IOGP Europe that analyzes the true impact of the EUMR on the global energy market.
Disclaimer: the opinions expressed in this podcast do not necessarily represent the views of IOGP Europe
Discussion topics:
The impact of the EU Methane Regulation
The different consequences for the natural gas and oil markets
How can the Regulation be amended to avoid the consequences?
An adaptive scenario for implementation of the EUMR that might avoid an energy crisis
About the speakers:
Amrit Naresh- https://www.linkedin.com/in/amrit-naresh/
Nareg Terzian – https://www.linkedin.com/in/naregterzian-headofstrategy-policycommunications/
Alain Mathuren – https://www.linkedin.com/in/alain-mathuren-5097ab8/
About IOGP Europe:
IOGP Europe is the European advocacy arm of the International Association of Oil & Gas Producers (IOGP), the leading voice of the global oil and gas industry, pioneering excellence in safe, efficient and sustainable energy.
We represent around 30 energy companies accounting for 70% of EU oil & gas production, as well as key energy suppliers to the European market. We support policymakers in crafting impactful and inclusive policies that drive prosperity for Europe’s businesses and citizens.
Follow us on:
LinkedIn – https://www.linkedin.com/company/iogp-europe/
X – https://x.com/IOGP_EU
Spotify – https://open.spotify.com/show/0RyByMPmic86AMepCjtaCs?si=292240cf75254145
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