-
Call of duties: How emission taxes on imports could transform the global LNG market
The environmental credentials of liquified natural gas (LNG) are under increasing scrutiny. Despite emitting about half the CO2 of coal when combusted, the LNG value chain remains highly carbon intensive and plagued by methane losses. In response, LNG players are actively working to reduce the greenhouse gas (GHG) footprint of their projects. This all comes at a cost, however, and buyers’ reluctance to pay a premium for lower-emission LNG has so far curbed sellers’ appetite to commit to major investment to reduce carbon intensity. This could be about to change. With the European Union (EU) extending its Emission ... (full story)