financetom
Business
financetom
/
Business
/
US LNG exporters stick with methane measures despite EPA rollbacks
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US LNG exporters stick with methane measures despite EPA rollbacks
Mar 20, 2025 3:23 AM

WASHINGTON (Reuters) - U.S. liquefied natural gas exporters, seeking to meet standards of overseas import markets, plan to continue to monitor and curb their methane emissions despite President Donald Trump's plans to roll back climate regulations, two trade groups told Reuters.

The Environmental Protection Agency last week announced the "most consequential day of deregulation" in U.S. history, unveiling 31 deregulatory actions to reverse former President Joe Biden's climate-focused agenda.

Among the moves was a rollback of a requirement for companies to report their annual emissions of the powerful greenhouse gas methane, as well as a decision to review the endangerment finding, the legal foundation for all U.S. climate regulation that identifies greenhouse gases as pollutants.

For companies seeking to export U.S. natural gas to customers in the European Union and Asia, the rollbacks are unlikely to have an effect on operations, according to Fred Hutchison, president of industry group LNG Allies, whose members include LNG exporters and project developers and natural gas producers.

Some smaller oil and gas producers have been opposed to stringent standards for methane emissions.

"Whatever changes are made to how the United States regulates methane, including the endangerment finding, the EU methane regulation remains unchanged," Hutchison said, referring to European import standards.

"Our members have invested tens of millions of dollars reducing their emissions all before any U.S. regulations were in place. They are committed to continuing to drive down their emissions," said Chris Treanor, representing LNG coalition PAGE (Partnership to Address Global Emissions), whose members include gas producer EQT and pipeline company Williams.

Hutchison of LNG Allies said he is traveling to Brussels next week to discuss compliance with EU rules.

Starting this year, the EU methane rules oblige importers of oil, gas and coal to report the methane emissions associated with those imports. Japan and South Korea are also seeking methane emission data for some of their gas imports.

The U.S. is the world's largest exporter of LNG. It sells into Europe and South Korea, and has plans to sell into the Japanese market.

The European Commission held an online meeting with U.S. LNG companies this month to field questions about compliance with EU rules. EU energy policy head Dan Jorgensen also met companies to discuss their concerns at an energy conference in Houston last week.

A draft of the agenda for the Commission's briefing of U.S. companies, seen by Reuters, said participants would discuss "potential implementation challenges" regarding the EU methane rules.

Before Biden left office, his administration asked the EU to ensure U.S. LNG shipments that met his EPA's methane regulations would automatically comply with Europe's standards for imports.

LNG Allies' Hutchison said a rollback of those U.S. methane rules could complicate the trade flow.

Several U.S. companies have already taken steps to certify that the gas they are exporting is transparent around its methane emissions intensity, using third-party certification like Methane Intelligence (MiQ).

Georges Tijbosch, CEO of MiQ, said companies that account for around 20% of U.S. gas production use MiQ certification.

The launch last year of satellites to monitor methane emissions could also pressure oil and gas producers to curb their pollution.

"Regardless of regulations, there are still eyes in the sky - satellites that are tracking emissions to the source level," said Dan Byers, vice president for policy at the U.S. Chamber of Commerce's Global Energy Institute.

"That creates incentives for operators to keep reducing methane."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mexico's Arca Continental Q2 core profit ticks up
Mexico's Arca Continental Q2 core profit ticks up
Jul 18, 2024
July 18 (Reuters) - Mexican bottler Arca Continental on Thursday posted a second-quarter core profit that rose 7.5% to 12.17 billion pesos($665.52 million), landing slightly below the 12.04 billion pesos forecast by analysts polled by LSEG. Arca, which sells bottled water, soft drinks and snacks across the Americas, reported a net profit up 15.2% to 5.40 billion pesos. ($1 =...
What's Going On With Beyond Meat Stock Thursday?
What's Going On With Beyond Meat Stock Thursday?
Jul 18, 2024
Beyond Meat Inc ( BYND ) shares are trading lower Thursday following a report suggesting the company's liquidity position has weakened. What To Know: After the market close on Wednesday, a Wall Street Journal report surfaced indicating Beyond Meat ( BYND ) reached out to a group of bondholders to start discussions about a potential restructuring of its balance sheet. Beyond Meat (...
Canada's Tenaz Energy to buy Dutch NAM's offshore assets for $180 mln
Canada's Tenaz Energy to buy Dutch NAM's offshore assets for $180 mln
Jul 18, 2024
July 18 (Reuters) - Canada's Tenaz Energy ( ATUUF ) on Thursday said it had entered into an agreement with NAM, a joint venture between Shell , ExxonMobil ( XOM ) and the Dutch government, to acquire all issued and outstanding shares of NAM Offshore B.V. for 165 million euros($180.33 million). The Nederlandse Aardolie Maatschappij operates the Groningen gas field...
California BanCorp, Southern California Bancorp Shareholders Approve Merger
California BanCorp, Southern California Bancorp Shareholders Approve Merger
Jul 18, 2024
09:09 AM EDT, 07/18/2024 (MT Newswires) -- California BanCorp ( CALB ) and Southern California Bancorp ( BCAL ) said Thursday that their shareholders approved their merger, with Southern California Bancorp ( BCAL ) as the surviving entity. Shareholders of Southern California Bancorp ( BCAL ) also voted to change the company's name to California BanCorp ( CALB ) and...
Copyright 2023-2026 - www.financetom.com All Rights Reserved