Global LNG trade flows teeter on knife’s edge ahead of EU’s due diligence rules
- Qatar will stop exporting LNG to Europe if CSDDD requirements are not eased
- Comments follow joint statement with the US two weeks ago on significant challenges that CSDDD poses to international LNG trade
- Europe will face stiff challenges with gas imports as LNG prices are set to rise with CSDDD, especially with sanctions on Russian gas
More LNG could be diverted to Asia instead if Corporate Sustainability Due Diligence Directive is adopted as exporters look to circumvent penalties associated with it
