Qatar's energy minister issued a stark warning Monday that the Gulf state could halt liquefied natural gas shipments to Europe if the European Union proceeds with environmental and human rights regulations that impose steep penalties on companies, APA reports.
Saad Al-Kaabi, Qatar's energy minister, said his country would refuse to supply LNG to Europe unless Brussels revises or scraps the Corporate Sustainability Due Diligence Directive, which includes penalties of up to 5% of a company's global revenue for violations.
"If Europe does not look at how they can water down or cancel the CSDDD, and still have a penalty of 5 percent of our total world turnover as a penalty, we will not be delivering LNG to Europe, for sure," Al-Kaabi said at a petroleum conference in Abu Dhabi.
