Gulf producers take aim at green LNG market
Oman sells first carbon-neutral cargo while Qatar sets sights on major expansion of low-carbon supply from North Field East
In early June, state-led Oman LNG trumpeted an agreement with minority shareholder Shell to deliver the Middle East’s first carbon-neutral LNG cargo from its three-train liquefaction plant on the sultanate’s north-east coast to an undisclosed buyer. The cargo’s “full lifecycle” CO2 emissions from upstream extraction to end-use will be offset using “nature-based carbon credits”. The deal marks the latest move by the fledgling international green LNG sector toward the mainstream. Fewer than 20 cargoes—of either carbon-neutral or reduced-carbon LNG—have changed hands, almost exclusively to Asian customers, with emerging leader Shell only delivering its first such shipment to Europe in April.

Also in this section
22 July 2025
Sinopec hosts launch of global sharing platform as Beijing looks to draw on international investors and expertise
22 July 2025
Africa’s most populous nation puts cap-and-trade and voluntary markets at the centre of its emerging strategy to achieve net zero by 2060
17 July 2025
Oil and gas companies will face penalties if they fail to reach the EU’s binding CO₂ injection targets for 2030, but they could also risk building underused and unprofitable CCS infrastructure
9 July 2025
Latin American country plans a cap-and-trade system and supports the scale-up of CCS as it prepares to host COP30