HOUSTON, March 11 (Reuters) - ConocoPhillips ( COP ) CEO
Ryan Lance said on Tuesday that the United States and Europe
should coordinate their regulations on methane, a powerful
greenhouse gas.
"We can't have the European Union and the U.S. trying to do
something different, because they're interpreting the rules
completely different," he said at the CERAWeek energy conference
in Houston.
"Europe's trying to drive a different end game than what the
U.S. is trying to drive. So that creates a lot of problems."
Both the U.S. and Europe have developed regulations intended
to force oil and gas producers to slash emissions of methane,
the most prevalent greenhouse gas after carbon dioxide that
tends to leak into the atmosphere undetected from drill sites,
gas pipelines and other oil and gas infrastructure.
Coordinating the regulations is important in part because
the U.S. has become a large supplier of liquefied natural gas to
Europe.
The United States became the world's top oil and gas
producer after Russia's invasion of Ukraine led European
countries to cut their dependence on Russian energy and seek
other sources.
The U.S. Senate last month voted on a resolution that would
overturn a proposed fee on methane emissions developed by former
President Joe Biden's administration, and there is a chance the
Trump administration will seek to reverse other aspects of the
Biden-era US methane regulations.