EU takes aim at tanker sales for shadow fleet in new sanctions package - TradeWinds
EU takes aim at tanker sales for shadow fleet in new sanctions package | TradeWinds
The European Union has brought in new measures aimed at tightening controls on the sale of second-hand tankers that could end up in shadow fleets.
The EU Council announced its 12th round of sanctions targeting Russia that included an attempt to tighten oil price cap compliance and a new import ban on liquified petroleum gas (LPG).
The measures demand more details for attestation documents secured by shipping companies from oil traders to show that their cargos are priced beneath the cap set for $60 a barrel for crude and $100 and $45 for other refined products.
Related Knowledge Center: Methane
As the production of natural gas from shale fields has expanded, so have methane emissions. U.S. methane emissions grew 27 percent from 1990 to 2009, according to the Energy Information Administration. Methane contributes about 10 percent of all U.S. greenhouse gas emissions and is 25 times more potent a greenhouse gas than carbon dioxide.