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
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity