Making low-emissions LNG a reality

Last year was a milestone year for LNG. In 2019, roughly 40 metric MMtpy of additional supply became available, and 71 metric MMtpy of new liquefaction capacity were announced—both record highs. Overall global demand grew by 12.5% to 359 metric MMtpy. This trend is expected to continue, with demand projected to double through 2040 as the world increasingly shifts to an energy system driven by renewable energy and lower-carbon feedstocks.1 Despite its growing role in the global energy mix, the environmental impact associated with bringing natural gas in the form of LNG to destination markets is being critically examined by activists, investors, lenders and regulatory bodies. The industry now