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Market Chatter: IGU Reportedly Urges EU to Ease Gas Rules Amid Tight Supply, High Prices

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International Gas Union Secretary General Menelaos Ydreos said the European Commission should consider easing some energy regulations while maintaining emissions-reduction targets, as Europe seeks to balance climate goals with energy security and affordability, Reuters reported Wednesday.

Ydreos reportedly said regulations should be practical and achievable to encourage compliance and prevent companies from shifting production to other regions.

Global gas markets are facing tighter supplies and elevated prices, and easing some requirements could reduce pressure on energy-intensive industries and help limit additional costs for consumers and businesses while Europe works to strengthen energy security.

The International Gas Union did not immediately respond to a request for comment from.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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