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Home World Europe

Qatar warns it will halt gas supplies to Europe if fined under EU due diligence law – POLITICO

22 December 2024
in Europe
Qatar warns it will halt gas supplies to Europe if fined under EU due diligence law – POLITICO
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Qatar has emerged as a crucial LNG supplier to Europe amid decreasing reliance on Russian energy post-Ukraine invasion, with QatarEnergy having long-term agreements with major European countries. The EU’s Corporate Sustainability Due Diligence Directive, criticized by QatarEnergy CEO Al-Kaabi, requires transposition into national law by 2026, gradual enforcement starting in 2027, aligning with the EU’s net-zero emissions goal by 2050. The European Commission has not yet commented on the directive when contacted by POLITICO, reflecting ongoing discussions and potential impacts on energy suppliers like QatarEnergy.

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Tags: DiligencedueEuropefinedGashaltLawPOLITICOQatarSuppliesWarns
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