Qatar warns Europe: Will halt gas supplies if fined under EU due diligence law

  • Posted on December 23, 2024
  • By Business News Today
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Qatar warns Europe: Will halt gas supplies if fined under EU due diligence law

Qatar has warned the EU that it will halt gas exports if fined under the EU's new Corporate Sustainability Due Diligence Directive. Energy Minister Saad Sherida al-Kaabi declared, "I’m not bluffing," stating that if Qatar loses 5% of its revenue due to EU penalties, it will stop supplying gas to Europe. This law, which took effect in July 2024, imposes fines on companies for adverse human rights or environmental impacts. Qatar is a key LNG supplier to Europe, with long-term agreements in place with several EU nations, but the country argues the legislation is unworkable for suppliers like QatarEnergy.
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