It has been a turbulent year for the global gas industry. Well before Russia’s war on Ukraine, gas and electricity prices in Europe skyrocketed, although they have recently fallen back a bit. With Europe looking to cut its dependence on Russia and import up to 50 billion cubic meters per year in liquefied natural gas (LNG) from alternative sources, the market looks ever
Efforts to reduce emissions in the production and transport of LNG are gaining more traction than the use of carbon offsets while the adoption of carbon-neutral LNG is still in its infancy. This means lowering the carbon intensity of upstream gas production and shipping, including the use of renewables-based power, halting flaring and methane leaks, .
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