Qatar and the US have written to EU heads of state expressing deep concern over corporate sustainability rules and their potential impact on liquefied natural gas (LNG) exports, according to a statement from QatarEnergy on Wednesday.
Last week, Qatar’s energy minister, Saad al-Kaabi, informed Reuters that Qatar will not be able to do business in the EU, including supplying Europe with LNG to plug its energy gap, if further alters are not built to its Corporate Sustainability Due Diligence Directive.
The letter signed by Kaabi and US Energy Secretary Chris Wright declared the directive “poses a significant risk to the affordability and reliability of critical energy supplies for hoapplyholds and businesses across Europe and an existential threat to the future growth, competitiveness, and resilience of the EU’s industrial economy.”
The EU rule requires larger companies operating in the EU to find and repair human rights and environmental issues in their supply chains or face financial penalties.
Last week, the European Parliament’s legal committee backed plans to water down the law, having faced pushback from companies, but Kaabi declared the alters did not address key concerns.
By Tala Ramadan and Ahmed Elimam; Editors: Himani Sarkar and Kim Coghill
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