Traders prepare for EU energy rules despite political risk
Exporter pressure on LNG supplies is threatening Europe’s regulatory push, leaving markets uncertain
Energy traders say they are preparing for upcoming EU regulations, though they fear the rules may not come into force due to push-back from large exporters into the bloc.
Since Russia’s invasion of Ukraine in 2022, Europe has significantly reduced its reliance on Russian pipeline gas and has become more reliant on liquefied natural gas (LNG) imports from countries such as the US and Qatar.
However, in October, the US and Qatar wrote a joint letter to EU leaders threatening the LNG gas supply if
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