EU oil and gas

This subtopic contains the following content providing guidance on the regulation of oil and gas in the EU:

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EU Methane Emissions Regulation (EU) 2024/1787— covers the requirements set out in Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector (the EU Methane Regulation), as in force from 4 August 2024. It covers the scope of the Regulation as applicable to the oil, gas and coal sectors; the monitoring and reporting requirements; the emission reduction requirements, including mitigation measures, restrictions on venting and flaring, and leak detection and repair obligations; inspections; penalties; and measures aimed at tackling global major emission events. It also provides an outline of obligations on importers of fossil fuels to the

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Latest EU Law News

EBA issues Opinion on interaction between output floor and Pillar 2 requirements

The European Banking Authority (EBA) has issued an Opinion providing guidance on how competent authorities should account for the application of Article 104a(6) of Directive 2013/36/EU, which deals with the interaction between Pillar 2 requirements and the output floor. The Opinion serves as an interim measure until the EBA adopts comprehensive guidelines further specifying the requirements.

Competition Law update–charging ahead (Alphabet and Others)

Competition analysis: In Alphabet and Others before the Court of Justice, Advocate General Laila Medina issued an Opinion (the ‘Opinion’) on 5 September 2024 concerning the interpretation of the prohibition against abuse of a dominant position under Article 102 TFEU. The case concerns Google's refusal to facilitate the interoperability of its Android Auto platform with JuicePass, an app which offers features for navigating to, and using, electric car charging stations. The Opinion proposes that dominant undertakings may be required to grant access to their digital platforms, even if the Bronner conditions (being that (i) the refusal is likely to eliminate all competition in the market; (ii) the refusal is incapable of being objectively justified; and (iii) the service is indispensable to carrying out that person's business) are not met. The Opinion, if followed by the Court of Justice, would have significant implications for the technology and digital markets sectors, requiring developers of digital platforms to consider third-party access. It also has the potential to directly affect competition for digital services relating to electric vehicle charging. Written by Rebecca Williams (partner) and Jack Moulder (senior associate) at Watson Farley & Williams LLP.

EBA launches 2025 EU-wide stress test

The European Banking Authority (EBA) has launched its 2025 EU-wide stress test and released the macroeconomic scenarios. The EBA expects to publish the results of the exercise at the beginning of August 2025. As part of the EBA’s EU-wide stress test, the European Central Bank (ECB) will stress test a total of 96 directly supervised banks in 2025.

MiCA: ESMA statement on provision of cryptoasset services in relation to non-MiCA compliant ARTs and EMTs

The European Securities and Markets Authority (ESMA) has published a statement regarding the compliance of certain cryptoasset service providers (CASPs) with the EU’s Market in Crypto Assets regulation (MiCA) for non-compliant asset-referenced tokens (ARTs) and electronic money tokens (EMTs). The statement responds to adoption by the Commission of a Q&A clarifying which CASPs provided in the EU may constitute an offering to the public or an admission to trading (respectively under Articles 16(1) and 48(1) of MiCA) of non-MiCA compliant ARTs and EMTs. ESMA states that in order to ensure that CASPs transition smoothly to align their services promptly with the Commission’s guidance, National Competent Authorities (NCAs) should ensure compliance as soon as possible and no later than the end of Q1 2025.