International LNG industry association releases framework for transparent emissions reporting and neutrality declarations
PARIS, Nov. 17, 2021 /PRNewswire/ -- Today, the International Group of Liquefied Natural Gas Importers (GIIGNL) announced the launch of a comprehensive framework for a consistent industry approach to declaring greenhouse gas neutral LNG cargoes, at a time when the practice of declaring LNG cargoes 'carbon neutral' is increasing.
- The Monitoring, Reporting, and Verification (MRV) and GHG (Greenhouse Gas) Neutral Framework is part of a collective industry movement to account for and reduce GHG emissions associated with LNG, an increasingly important source of energy worldwide.
- Entities at every stage of the LNG life cycle can use it to assess the GHG footprints of their LNG cargoes.
- One of the very first LNG cargoes associated with carbon offsets was imported into South Korea by GS Energy in June 2019.
- "Alongside reducing and offsetting overall emissions, it is our intention that the Framework assists the industry in demonstrating greater transparency."