LNG industry urges carbon offset caution

The sector must curb emissions, not merely rely on offsets

The nascent trend of pairing LNG cargoes with carbon offsets and branding them as carbon-neutral should be the solution of ‘last resort’ for decarbonising the LNG supply chain, as the industry must prioritise curbing actual emissions, buyers and sellers of the fuel agreed at a recent Singapore industry event. Offsetting the LNG supply chain’s emissions through the purchase of carbon credits should be a final option “because we need to undergo actual emissions reductions [and] efficiency improvements, and then whatever you cannot offset or reduce, you start using carbon offsets”,  Fabian Kor, head of the strategy and corporate development group at Singapore-based Pavilion Energy, told the As