In 2024, the EU absorbed 70 percent of the UK’s crude oil exports—worth £11.4 billion—and nearly all gas exports at £3.9 billion. This heavy reliance on European buyers places the UK oil and gas sector at the center of the EU’s Methane Emissions Regulation (MER), a law that could reshape trade flows by 2030. With […]Read More
In 2024, the EU absorbed 70 percent of the UK’s crude oil exports—worth £11.4 billion—and nearly all gas exports at £3.9 billion. This heavy reliance on European buyers places the UK oil and gas sector at the center of the EU’s Methane Emissions Regulation (MER), a law that could reshape trade flows by 2030. With [...]
