USA and Qatar Threaten EU with Gas Supply Freeze
The USA and Qatar have issued a warning to the EU, threatening to halt deliveries of liquefied natural gas (LNG) if the planned supply chain law is implemented.
A new supply crisis is looming, with devastating consequences for Austria, as two-thirds of Europe's LNG volumes come from these two countries.
- The EU Parliament has halted further negotiations on cutting red tape, preventing a weakening of the bureaucratic Supply Chain Directive.
- From mid-2027, companies will be required to monitor their supply chains for breaches of environmental regulations and human rights violations.
The associated bureaucracy is taking on proportions that many critics believe clearly jeopardize competitiveness.
The "bureaucracy monster" is apparently not popular outside the EU either, with the USA and Qatar pushing back against the regulations.
Author's summary: EU faces gas supply crisis due to bureaucracy.