Published 9 March 2022
It is widely acknowledged that climate change is happening, and steps need to be taken to achieve a net-zero carbon global economy. To support the transition, the role of liquefied natural gas (LNG)/ gas in the global economy will need to grow, to support renewable power generation, displace carbon intensive coal and fuel-oils, and produce blue hydrogen. However, with the growing importance of LNG/ gas in the energy mix, the LNG/ gas industry needs to evolve, by focussing on the reduction of Green House Gas (GHG) emissions and increasing environmental transparency. However, are the processes and standards in place to support such an ambition?
In this article we will examine the practical steps available to LNG producers to reduce GHG emissions associated with the production, transportation and use of LNG, and the issues for LNG Sellers and LNG Buyers to consider when making a claim of GHG neutrality and the quality of carbon offsets which are applied.