Qatari Energy Minister Saad al-Kaabi warns that Qatar may halt gas supplies to the European Union if penalized under new EU regulations. "I'm not bluffing," he said in an interview with the "Financial Times." In a conversation with the "Financial Times ...

Qatar is the world's third largest exporter of liquefied natural gas (LNG) after the United States and Australia

Qatar warned that it would cease gas exports to the European Union (EU) if the bloc's countries imposed penalties on it under the recently adopted legislation on sustainability due diligence, Qatari Minister of State for Energy Affairs Saad Sherida Al-Kaabi told the Financial Times.

Qatar has threatened to cease liquefied natural gas (LNG) shipments to the European Union (EU) if the bloc enforces a corporate sustainability due diligence directive, according to a news report. The directive,

Minister of State for Energy Affairs and President and CEO of Qatar Energy HE Eng. Saad bin Sherida Al Kaabi has said Qatar will stop shipping gas to the European Union (EU) if member states strictly enforce a new law regarding imposing fines on international companies.

Qatar warned that it will cease gas exports to the European Union if the bloc's countries impose penalties under recently adopted legislation on sustainability due diligence, Qatari Energy Minister Saad Sherida al-Kaabi told the Financial Times.

Companies operating in the EU face fines of up to five per cent of global turnover if found in violation of the new law.

The Corporate Sustainability Due Diligence Directive, approved this year, requires larger companies operating in the European Union to check whether their supply chains use forced labour or cause environmental damage and to take action if they do.

Qatari Energy Minister Saad al-Kaabi warns that Qatar may halt gas supplies to the European Union if it is penalized under new EU regulations. "I'm not bluffing," he said in an interview with the "Financial Times".