The International Group of Liquefied Natural Gas Importers (GIIGLNL) has sought to identify and tackle greenhouse gas (GHG) emissions in the liquefied natural gas (LNG) production value chain with the launch of a new framework.
The ‘Monitoring, Reporting, and Verification (MRV) and GHG Neutral Framework’ sets out criteria for reporting and offsetting emissions that cannot be reduced.
As global industry begins to focus more on achieving net zero targets and reducing carbon emissions, LNG, and their declaration as ‘carbon neutral cargoes’ is playing a key part in achieving these goals. An independently verified Cargo Statement will help create a transparent practice to declare these cargoes.
The Framework aims to promote ‘verified and consistent’ quantification of GHG emissions from extraction of natural gas, liquefaction, shipping, regasification to final consumption.
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