Carbon-neutral LNG poised for revival
The drop in shipments is likely to be temporary
The surge in global gas prices since the winter—exacerbated by Russia’s invasion of Ukraine—has dampened interest in carbon-neutral LNG. But the lull will be temporary as discussions between LNG suppliers and consumers for a greener product accelerate, according to speakers at the recent S&P Global Asia Energy Transition conference. Momentum behind offsetting the emissions of LNG cargoes picked up last year, with sales of at least 16 carbon-neutral shipments, nine of which were between June and August. Last summer also saw the milestone of the LNG industry’s first term contract for carbon-neutral volumes, with a five-year deal signed in July between Shell and Chinese NOC Petrochina. Nort
Also in this section
25 April 2024
Some companies with assets in Israel have turned towards Egypt as tensions escalate, but others are holding firm despite rising tensions
24 April 2024
But even planned exploration activity is unlikely to reverse declining output from mature fields
23 April 2024
Cheaper Russian barrels and lower overall crude prices have helped cut key oil consumer’s import bills in election year
22 April 2024
Pursuing three different goals as part of the same package may mean achieving none of them