ConocoPhillips CEO Ryan Lance said yesterday that the US and Europe should co-ordinate their regulations on methane.
"We can't have the European Union and the US trying to do something different, because they're interpreting the rules completely different," he said at the CERAWeek energy conference in Houston.
"Europe's trying to drive a different end game than what the US is trying to drive. So that creates a lot of problems," he warned.
Both the US and Europe have developed regulations intended to force oil and gas producers to slash methane emissions, the most prevalent greenhouse gas after carbon dioxide that tends to leak into the atmosphere undetected from drilling sites, gas pipelines and other oil and gas infrastructure.
Co-ordinating the regulations is important in part because the US has become a large supplier of LNG to Europe.
Last month, the US Senate voted on a resolution that would overturn a proposed fee on methane emissions developed by former President Joe Biden’s administration, and there is a chance the Trump administration will seek to reverse other aspects of the Biden-era US methane regulations.
