Compliance with the EU Methane Regulation is well within reach. By 2027, supply capable of meeting OGMP 2.0 Level 5 standards – the highest global standard for methane reporting – is expected to be double the EU’s gas demand, enabling robust monitoring and verification without tightening the market. For oil, sufficient amounts of compliant crude will be available to meet EU refinery needs, and diverse sourcing options mean Europe is not reliant on any single exporter.
At the same time, EU importers are continuing to sign long-term LNG contracts, confirming industry confidence in meeting demand while complying with the regulation. Europe’s expanded regasification capacity and reduced dependence on Russian imports have made the system far more resilient.
“The EU Methane Regulation gives Europe the leverage to secure its energy future – cutting methane, strengthening resilience, and reducing dependence on risky suppliers,” said Léa Pilsner, Policy Director at Environmental Defense Fund Europe. “Transparency is power. While implementation challenges exist, they reflect the normal industry adaptation process.”
Tim Bjerkelund, Partner Advisory, Rystad Energy, added: “The EU Methane Regulation has the potential to positively influence upstream methane emission abatement by incentivising operators to introduce company-wide methane policies. Our analysis shows that there is adequate OGMP Level 5 supply and ways to bring this to EU buyers, enabling implementation of the regulation.”