LNG

The 27-nation European Union has brought into a law to try and reduce methane emissions from the energy sector in Europe and across the world, including LNG imports, and will police the emissions of other nations such as the USA and China and decide whether imports from outside the EU are compliant with European standards.

Oil prices fell below $40 per barrel as street unrest in cities like Seattle led to concerns about US stability and the pace of the US economic recovery, while the nation’s LNG exports dropped to half of the previous week’s level, offset by pipeline natural gas exports to Mexico jumping more than 8 percent.