Olympus deal is key first for RSG market
Long-term deal signed by Olympus Energy marks breakthrough for emerging market for responsibly sourced gas
In mid-July, a relatively small announcement marked an important evolution in the development of a market for environmentally responsible US natural gas. Olympus Energy, a private upstream and midstream natural gas developer, entered into a long-term agreement with natural gas marketing firm Tenaska Marketing Ventures to sell ‘responsibly sourced gas’ (RSG). The notable ‘first’ as it relates to RSG is admittedly a bit technical. The transaction is the first done through a registry using quantified emissions data. It is noteworthy because both elements reflect the likely future for RSG and, plausibly, for much of US natural gas. Appreciating this innovation requires some unpacking, first abou
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation