U.S. LNG exporters are working hard to cut carbon emissions from new facilities because they hope to get billions of dollars in new projects on track amid increasing climate pressures.

America has risen to LNG export Thanks to the explosive growth of the country’s shale oil and gas fields, this has made the United States a strong energy supporter, which has strengthened the United States’ claim to energy independence and made Washington a useful new tool to deal with Russia and other geopolitical enemies.

But for the few companies that are racing to build new projects to promote the country’s exports, the global blow to emissions has increased, and the Methane pollution Oil from U.S. oil and gas fields has threatened to undermine their plans.

European efforts to implement a carbon border adjustment tax (which may impose a fee on imports with higher emissions) are of particular concern to US LNG companies that compete with Russia, Qatar and other countries on the continent.

U.S. LNG project developers have responded to the threat by introducing plans to install expensive equipment to capture carbon from their facilities, including measures to ensure that they only obtain natural gas from producers who monitor their own emissions.

Venture Global, the developer of the LNG project, said last week that it plans to install carbon capture and storage equipment that will eventually pass the carbon capture and storage capacity of its new $5.8 billion export plant on the Gulf Coast of Louisiana. Reach 1 million tons per year. Approved this year.

Prior to this, the project developer NextDecade issued a similar statement in March. The company said it had increased its plans to capture and store approximately 90% from its proposed $8 billion export base in Rio Grande, Texas. % Of carbon dioxide emissions. It hopes to make a final investment decision on the project this year.

Carbon capture and storage is a carbon capture and storage technology that captures carbon dioxide on site and transports it through pipelines to deep underground for storage. Although the global economy is in a low-carbon state, the oil and gas industry still often touts carbon capture and storage Technology as a way to continue pumping fossil fuels.

But carbon capture is still expensive and has not been widely deployed, making the US LNG proposal a key test of the technology.

NextDecade said it will use the federal tax credit policy, namely 45QProjects that can be used for carbon capture projects to help fund development, they believe that tax credits will only increase the production cost of the facility.

The International Energy Agency recently highlighted the pressure on the natural gas industry report It is believed that reaching the government’s net-zero target will mean that there will be no need for many LNG facilities under construction, as the demand for fuel will peak later this decade, much earlier than previously predicted.

Ross Wyeno, an LNG analyst at S&P Global Platts, said that, unlike the past, any new LNG export project that it wants to build “must include a clear strategy around carbon and methane emissions”.

U.S. Natural Gas executives insist that natural gas, especially natural gas that is supported in terms of emissions reduction, can play a role in the transition to cleaner fuels. When burned, natural gas emits about half of the carbon dioxide that coal emits.

“If you want to minimize emissions, you can pursue coal production and use natural gas.” . A substantial reduction in emissions can be achieved. Mike Sabel, CEO of Venture Global LNG, said at the Financial Times event last week.

However, in the US oil and gas fields, methane, high-intensity greenhouse gases and rampant natural gas emissions have soared, weakening the fuel’s green reputation.

Last year, the French government intervened and cancelled a long-term long-term LNG transaction worth about $7 billion between France’s Engi and NextDecade, at least partly due to concerns about methane pollution from natural gas produced in the US.

Wyeno said: “This is the first truly verifiable signal. This is not only a conversation, but many of these projects really need to address their emissions.”

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