Romania’s Romgaz challenges EU’s CO2 storage mandate at top court, citing unfair burden, investment risks

Romania’s state-controlled gas producer Romgaz on Friday lodged a legal challenge against the European Commission over new EU rules that oblige oil and gas companies to collectively deliver 50 million tonnes of annual CO2 storage capacity by 2030, arguing the allocation system unfairly penalises Romanian producers and exposes them to disproportionate financial and operational risks.