Tuesday, November 17, 2020

"French government puts U.S. gas imports on ice"

Was the headline writer aware of the cryogenic pun?

 From GreenBiz, November 12:

A move by one of the largest European energy companies shows that both markets and governments are beginning to pay attention to methane emissions and factor them into business decisions. France’s Engie has halted its commitment to a long-term U.S. liquefied natural gas (LNG) import contract with NextDecade Corp estimated at $7 billion.

This is being done under pressure from the French government, which holds a 23.6 percent stake in Engie. The delay was driven in large part by concerns over the greenhouse gas (GHG) emissions of U.S. gas production, particularly from the Permian Basin, which will feed NextDecade’s proposed Rio Grande LNG export plant in Texas. While we cannot ignore the geopolitical considerations also at play, these concerns reflect the growing consensus that all natural gas cannot be seen as equal in terms of its impact on the climate.

There has long been debate about reducing emissions within the oil and gas sector. Earlier this year, Singapore’s biggest buyer of LNG, Pavilion Energy Pte Ltd, asked all LNG sellers to quantify the GHG emissions associated with each LNG cargo produced, transported and imported into Singapore....