The European Commission and Argentina have signed a non-binding agreement to facilitate the supply of liquefied fossil gas (LNG) to Europe, in exchange for cooperation on green energy and efforts from Buenos Aires to control gas leakage. The agreement comes amid strong economic relations between the EU and Argentina, with significant EU investment in the country and the bloc being Argentina's third-largest trading partner. The agreement focuses on four key aspects: hydrogen and its derivatives, renewables, energy efficiency, and LNG supply. Argentina, a major player in the gas industry, aims to boost its LNG exports and is working on a law to support its LNG industry with plans to begin exporting at scale by 2027. The agreement emphasizes that supplying LNG must align with the long-term decarbonization goals of both the EU and Argentina, in line with the Paris Agreement. To address climate concerns, the agreement also calls for measures to reduce methane leakages in the fossil gas supply chain, including the integration of recovered methane back into the supply chain.
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the war on climate change can be won through collaborations. Looking forward to more of this across the world
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77 w
Collaboration helps countries share ideas, technology and expertise which leads to the success of any project. Impressed
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great collaborations that can lead to sustainability
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78 w
Great to see lots of collaborations and efforts transition to renewables.
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78 w
Great deal in the fight against climate change to reduce reliance on fossil fuels that release carbon dioxide into the atmosphere.
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78 w
A great agreement to reduce greenhouse gas emissions. This will go a long way in creating a sustainable future.