Pressure grows on industry to produce ‘green LNG’
The industry needs to reduce the emissions associated with natural gas for it to preserve its role in the energy mix and energy transition
While natural gas is the greenest mainstream hydrocarbon fuel, the massive increase in demand predicted for the coming decades means it would still heavily contribute to climate change. Pressure is therefore mounting on gas producers to reduce the fuel’s carbon footprint. In response, players have started looking for ways to minimise or counterbalance their carbon footprints, with leading producers, traders and consumers indicating plans to decarbonise the supply chain. This is being done in two ways, according to Hussein Moghaddam, senior energy forecast analyst at the Gas Exporting Countries Forum (GECF) secretariat’s energy economics and forecasting department, in a whitepaper published l
Also in this section
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
11 April 2024
Volatile allowance prices and small size of voluntary market undermine ability to drive investment, says Oxford Institute for Energy Studies
8 April 2024
Chevron New Energies is lead investor in funding round by Colorado-based provider of post-combustion capture technology