Report: LNG Growth Expected To Propel Carbon Emissions

Sep 20 20:09 2017 Print This Article

LNG will be the biggest source of carbon emission growth for top oil and gas companies by 2025, according to a study by Wood Mackenzie, as demand for the super-chilled fuel is set to rise sharply.

Oil and gas companies such as Exxon Mobil Corp., Royal Dutch Shell (NYSE: RDS.A) and Total SA (NYSE: TOT) have promoted natural gas as a cleaner fossil fuel that will displace coal to meet growing demand for energy as the world shifts away from fossil fuels.

But converting natural gas into LNG by cooling it to -160C in order to transport it to demand centers is a highly energy-intensive and therefore emission-intensive process, Amy Bowe, a WoodMac analyst, said.

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