“I am sure not going to supply the EU with LNG to support their energy requirements and then be penalised with our total revenue worldwide,” Al-Kaabi said on Saturday, in reference to the EU’s Corporate Sustainability Due Diligence Directive.
A new European directive setting strict ESG reporting standards for large firms operating in the EU creates challenges that make “absolutely no sense” for companies like QatarEnergy, according to its CEO.
“My message to Europe and to the EU Commission is: are you telling us that you don’t want our LNG into the EU?” QatarEnergy CEO Saad Al-Kaabi, who is also minister of state for energy affairs, told the Doha Forum.
