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Carbon Capture, Utilization, and Storage (CCUS) Solutions to Decarbonize LNG: Why, Where and How Much?

Author

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  • Zlata Sergeeva
  • Colin Ward

    (King Abdullah Petroleum Studies and Research Center)

Abstract

In 2019, a new product – carbon-neutral LNG – was born. By 2021, the market for this product had grown rapidly. However, in 2022, the number of announcements about the volumes delivered to customers significantly decreased. To a large extent, this decrease was linked to credibility issues because all supplied cargoes used carbon offsets of various qualities to address emissions. Due to the lack of transparency and proper reporting, as well as global standards for the industry, the practice of trading carbon-neutral LNG has received substantial criticism from the media and stakeholders. However, considering the recent energy crisis and growing need for natural gas in certain regions, decarbonizing LNG is crucial for ensuring energy security in the coming decades.

Suggested Citation

  • Zlata Sergeeva & Colin Ward, 2024. "Carbon Capture, Utilization, and Storage (CCUS) Solutions to Decarbonize LNG: Why, Where and How Much?," Discussion Papers ks--2024-dp22, King Abdullah Petroleum Studies and Research Center.
    • Handle: RePEc:prc:dpaper:ks--2024-dp22
    DOI: 10.30573/KS--2024-DP22
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    Keywords

    Carbon; carbon capture and storage; Carbon Capture and Storage (CCS); Carbon Neutrality;
    All these keywords.

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