How can carbon-neutral LNG cargo mitigate climate change
Oil major Shell has signed a 5-year contract with PetroChina to supply the Chinese company with carbon-neutral liquefied natural gas (LNG) cargos.
As the world is embracing clean energy, oil and gas producers and users are ramping efforts to reduce emissions via carbon-neutral LNG cargoes.
Carbon neutrality refers to achieving net-zero carbon dioxide emissions. It can be done by balancing carbon dioxide emissions with its removal. Or by eliminating emissions from the environment.
And LNG reduces green house gas emissions better than other fossil fuels. In fact, LNG releases 45 percent less than carbon dioxide than coal.
Study finds global oil demand likely to grow despite pandemic, climate policies
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Oil demand likely to grow despite pandemic, study says
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