DOHA: The Corporate Sustainability Due Diligence Directive, approved this year, requires larger companies operating in the EU to check whether their supply chains use forced labour or cause environmental damage and to take action if they do. Penalties include fines of up to 5 per cent of global turnover."If the case is that I lose 5 per cent of my generated revenue by going to Europe, I will not go to Europe. I'm not bluffing," Kaabi told the newspaper, adding that "5 per cent of generated revenue of QatarEnergy means 5 per cent of generated revenue of the Qatar state. This is the people's money, so I cannot lose that kind of money and nobody would accept losing that kind of money."Kaabi, the chief executive of state-owned QatarEnergy, has said the EU should thoroughly review the due diligence law. He has also said that his Gulf country has no concerns about U.S. President-elect Donald Trump's promise to lift a cap on liquefied natural gas exports.Qatar, among the world's top LNG exporters, is seeking to play a larger role in Asia and Europe as competition from top supplier the United States increases. It plans to expand its liquefaction capacity to 142 million tons per year by 2027 from 77 million. AGENCIES

Qatar Vows to Stop EU Gas Sales if Fined Under Due Diligence Law

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.