2. For contracts concluded before 4 August 2024 for the supply of crude oil, natural gas or coal produced outside the Union, importers shall undertake all reasonable efforts to require that crude oil, natural gas or coal is subject to monitoring, reporting and verification measures applied at the level of the producer that are equivalent to those set out in this Regulation. Those efforts may include the amendment of those contracts.
From 1 January 2027, importers shall annually inform the competent authorities of the Member State in which they are established of the results of such efforts, as part of the information to be provided pursuant to in Article 27(1) and, in case of failure, provide sound justification to those competent authorities for such failure and set out the actions that they have undertaken as part of those efforts.