Outlook 2024: LNG investment - Hydrocarbon challenges or green opportunity?
Many LNG projects already incorporate emissions mitigation methods, hastening adoption for future projects
This decade’s unprecedented LNG supply investment is strongly focused on managing emissions intensity. Wide-ranging measures, particularly CCS, renewable-energy-powered liquefaction trains, carbon offsets and FLNG conversions, are being aggressively rolled out globally. While previous cycles of LNG production growth focused on the environmental benefits of offsetting buyers’ coal demand and shippers’ liquid fuel usage, supply projects are now under the greenhouse gas (GHG) microscope. Geopolitics and supply under-investment combined to push LNG spot prices to record highs in 2022 and c.$20/m Btu this winter. While LNG cargos will remain scarce until 2026, new trains, mainly in the US and Qat
Also in this section
23 January 2026
A strategic pivot away from Russian crude in recent weeks tees up the possibility of improved US-India trade relations
23 January 2026
The signing of a deal with a TotalEnergies-led consortium to explore for gas in a block adjoining Israel’s maritime area may breathe new life into the country’s gas ambitions
22 January 2026
As Saudi Arabia pushes mining as a new pillar of its economy, Saudi Aramco is positioning itself at the intersection of hydrocarbons, minerals and industrial policy
22 January 2026
New long-term deal is latest addition to country’s rapidly evolving supply portfolio as it eyes role as regional gas hub
