The European Union has reached an agreement on legislation that will set limits on methane emissions from oil and gas imports starting in 2030. Methane is a potent greenhouse gas and the second-largest contributor to climate change. The new regulations, imposing "maximum methane intensity values" by 2030, will affect major gas suppliers, including the United States, Algeria, and Russia. The move is part of the EU's efforts to address methane emissions from leaky pipelines and infrastructure, aiming for rapid cuts in emissions to combat climate change. The legislation will now undergo final approval by the European Parliament and EU countries.

Source: Reuters