[Explainer] Gas glut or supply crunch? And what it means for EU methane rules

The EU has decided to delay its methane regulation, and the reason is simple enough. Europe imports almost 90 percent of its gas, which makes it one of the most exposed buyers in the world. And the US-Israeli war with Iran has choked gas flows through the Strait of Hormuz. Making matters more complicated is the fact that Europe is still phasing out Russian gas, with a total ban on Russian overseas liquified gas due to be implemented next year. So few were surprised when energy commissioner Dan Jørgensen told ministers in Dublin this week that he will propose delaying the import part of the regulation by a year to 2028, although member states and parliament still have to formally agree. To read this story, log in or subscribeEnjoy access to all articles and 25 years of archives, comment and gift articles. Become a subscriber for as low as €1,75 per week.Read without limitsAlready a subscriber? Login