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European Union methane law may restrict oil supply options
The International Energy Agency warned that European Union laws concerning methane emissions will significantly restrict oil supply options, with the range of available feedstocks for European refineries expected to shrink by more than 50% by 2027. This could lead to higher production costs and weaken the EU's energy security. The warning comes as EU ambassadors discuss the methane bill amid concerns that it may be delayed due to pressures from some member states and challenges in implementing the legislation.
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