Navigating the challenges of decarbonisation across the LNG Value Chain

Discover successful approaches to decarbonising the LNG value chain

October 31, 202410:00GMT

Navigating the challenges of decarbonisation across the LNG Value Chain

The International Energy Agency (IEA) stated that ‘global demand for natural gas is increasing at a stronger rate in 2024 than in the previous two years.’  With global gas forecasted to rise by more than 2.5% in 2024 driven primarily by LNG being currently positioned as the bridging fuel of choice in the transition towards a carbon neutral energy future. As decarbonisation and net-zero targets remain critical priorities, ensuring a continued role for LNG and gas in the energy transition is essential.

To explore these vital topics, the webinar “Navigating the challenges of decarbonisation across the LNG Value Chain” was held ahead of the World LNG Summit & Awards 2024. Our panel of experts from the Center on Global Energy Policy, Dragon LNG, Edison SpA, GIIGNL, JOGMEC, and MIQ discussed how existing LNG infrastructure could be repurposed for renewable fuels. They also addressed how tightening carbon reduction targets impacted LNG pricing and necessitated offset purchases by buyers.

Key takeaways points

Repurposing

Exploring strategies to repurposing LNG infrastructure for renewable fuels.

Offsetting

Understanding methods to offset emissions from well to wheel is crucial for achieving ‘carbon-neutral’ LNG cargoes.

Data-driven

Implementing a data-driven approaches in Decarbonisation.

Pricing

Impact of carbon reduction targets on LNG pricing and necessitate increased offset purchases by buyers.

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