Japan and South Korea plan for net-zero emissions by 2050 and China by 2060
Decarbonising LNG: the heat is on
When the largest buyer in the largest consuming country commits to net-zero emissions by 2050, suppliers must start to respond. And they are
The LNG industry has over the past 18 months had to confront much more directly the potentially existential threat of the Paris Agreement. A key element of that agreement—“to achieve a balance between anthropogenic emissions by sources and removals by sinks of greenhouse gases (GHGs) in the second half of this century”—has spurred companies, countries and even continents to pledge net-zero GHG emissions by 2050. It can be argued that the LNG industry should have responded sooner, given the Paris Agreement was reached in 2015. Belatedly, it was a series of events in 2020 that proved to be the spark for the current explosion of interest in so-called carbon-neutral LNG. Customer-led “In the spa
Also in this section
15 May 2025
Financial problems, lack of exploration success and political dogma cause uncertainty across much of the region
14 May 2025
The invisible hand of the market has seen increasing transparency but much more needs to be done to build a better understanding
13 May 2025
A fall in Venezuelan output drives overall production lower, as Saudi Arabia starts to slowly bring more crude to the market
12 May 2025
With the gas industry’s staunchest advocates and opponents taking brutal blows, the sector looks like treading a path of insipid indifference
