AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
[Mukran/Germany: 02-24-2024 Energos Power - LNG Offshore Support Vessel, IMO 9861809 on arrival day in Mukran Harbor for installing LNG supply of Germany] Stefan Dinse Greenhouse gas emissions from the liquefied natural gas (LNG) supply chain could be reduced by over 60% using existing technologies, according to a new report from the International Energy Agency (IEA). The IEA estimates [https://www.iea.org/news/new-iea-report-assesses-emissions-from-lng-supply-and-maps-out-opportunities-to-reduce-them]that the upfront capital investment needed to implement electrification, methane reduction, and CCUS across all viable facilities in the existing LNG supply chain is just over $100 billion. Greenhouse gas emissions associated with global LNG supply are roughly 350 million tonnes of carbon dioxide equivalent annually. Around 70% of this is in the form of CO2 emissions that are either combusted or vented; the remaining 30% is methane that escapes unburnt into the atmosphere, the IEA said. According to the report, when all direct and indirect greenhouse gas emissions are factored in, more than 99% of the LNG consumed in 2024 had lower lifecycle emissions than coal.
Globally, on average, LNG results in about 25% less emissions than coal. Nevertheless, the report emphasizes that for those making an environmental case for LNG use, comparing it only to coal – the most carbon-intensive fuel – sets the bar too low, "especially given the strong opportunities at hand for improving the emissions performance of LNG supply". Other cost-effective strategies that could substantially reduce emissions include increasing process efficiency across the supply chain and implementing carbon capture, utilisation and storage (CCUS) at liquefaction facilities to capture the naturally occurring CO2 present in the feed gas. The global LNG market is dominated by several major companies, with Shell (SHEL [https://seekingalpha.com/symbol/SHEL]), ExxonMobil (XOM [https://seekingalpha.com/symbol/XOM]), QatarEnergy, TotalEnergies (TTE [https://seekingalpha.com/symbol/TTE]), and Chevron (CVX [https://seekingalpha.com/symbol/CVX]) leading the industry in production and export capacity. MORE ON LNG, * Freedom From OPEC Requires U.S.
Natural Gas [https://seekingalpha.com/article/4790333-freedom-from-opec-requires-us-natural-gas] * Cheniere seeking more LNG sales to Japan after initial long-term supply deal [https://seekingalpha.com/news/4459699-cheniere-seeking-more-lng-sales-to-japan-after-initial-long-term-supply-deal] * European gas price rises for sixth straight day on Strait of Hormuz supply concerns [https://seekingalpha.com/news/4459312-european-gas-price-rises-for-sixth-straight-day-on-strait-of-hormuz-supply-concerns] * Europe can replace Russian gas with growing LNG supply, TotalEnergies CEO says [https://seekingalpha.com/news/4459519-europe-can-replace-russian-gas-with-growing-lng-supply-totalenergies-ceo-says]
LNG emissions could be cut by 60% with existing tech, $100 billion investment needed - IEA
June 20, 2025 01:51 AM PDT | By EODHD
