As LNG exporters ship increasingly large volumes abroad, both domestic and foreign energy policies and climate goals are incentivizing them to begin closely monitoring and reporting their emissions through an MMRV framework.
Given the Biden administration’s net-zero objectives by 2050, concerns have been voiced of the LNG industry facing political and regulatory headwinds as it continues to ramp up.
The head of the DOE’s Office of Fossil Energy and Carbon Management was recently quoted on the issue as saying an emissions monitoring effort “will maintain the broader societal support for the production and exports from this industry”.
As they are more closely tracked, LNG emissions should be highly relevant, given the primary market for exports are European countries whose strict emissions goals will inform their purchasing decisions.
The latest data shows that LNG sendout is up by 0.2 Bcf/d today from Friday.
Source: Gelber & Associates
Further reading on LNG emissions:
Methane Emissions from LNG Trade
Net Zero Emissions LNG – a financing perspective
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