A roundup of news and commentary from NGI’s LNG Insight

  • The European Union has reached a preliminary agreement on a landmark plan to tax imports of carbon-intensive goods like aluminum, cement, electricity, fertilizers and hydrogen. It does not include commodities like natural gas.
  • The first-of-its-kind plan known as the Carbon Border Adjustment Mechanism is aimed at protecting the continent’s industries from facing competition from producers in other countries where climate laws aren’t as strict.
  • Proceeds from the tariff would go toward the EU budget. The CBAM still needs approval from all member states and the EU parliament to take effect. Reporting requirements are tentatively planned to start in October 2023.
  • European Union energy ministers that met in Brussels Tuesday...