Nov 15 (Reuters) - The European Union reached a deal early Wednesday on a law to place methane emissions limits on Europe's oil and gas imports from 2030, pressuring international suppliers to clamp down on leaks of the potent greenhouse gas.
After all-night talks, negotiators from EU member states and the European Parliament agreed to a law which from 2030 will require importers of crude oil, gas and coal into Europe to prove those fuels meet a methane intensity limit.
The law will now be put to the European Parliament and EU countries for final approval.
"Equivalent monitoring, reporting and verification measures should be applied by exporters to the EU by 1 January 2027, and maximum methane intensity values by 2030," the EU Council said in a statement.
The regulation also introduces new requirements for the oil, gas and coal sectors to measure, report and verify methane emissions, the EU council said in a statement.
Persons:
Akanksha Khushi, Gerry Doyle
Organizations:
European Union, EU, Thomson
Locations:
Europe, Bengaluru