SL.13 The Role of LNG in Meeting Nationally Determined Contributions
Thursday 13 July 2023
Spotlight | Summer Sessions | West Level 1, Rooms 121-122
LNG markets, Energy Security and Decarbonisation , Downstream Infrastructure and Applications , Clear Filters - See Full Programme
The sum of Nationally Determined Contributions (NDC's) from all participating nations gives an estimate of the world’s pathway towards decarbonization and efforts to keep global warming well below 2 degrees Celsius. NDCs are expected to be reviewed and updated every five years, with most parties having already submitted an updated version in 2021 following the Paris Agreement’s signing in 2016. LNG and natural gas present an opportunity for nations to shift away from other carbon-intensive fuels such as coal in a bid to reduce emissions and improve air quality. However, despite the obvious immediate benefits, LNG is still a fossil fuel. How can countries utilize LNG as a transition and destination fuel, while meeting targets outlined in their NDCs in an economically and environmentally sustainable manner?