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
28 March 2024
The country’s largest gas field is a bright spot for the North Sea, boasting cleaner operations amid a changing mood in Europe over hydrocarbons
28 March 2024
Whether OPEC+ starts to unwind its oil production cuts from June will depend on heavily debated unfolding supply-demand balances
28 March 2024
As a gas supply shortfall looms, balancing regulatory flexibility with energy security and investor confidence will be critical
27 March 2024
Oil producers have to untangle the increasingly complicated relationship with their natural resources