International LNG Industry Association Releases Framework for Transparent Rmissions Reporting and Neutrality Declarations
PR93019
PARIS, Nov. 17, 2021 /PRNewswire=KYODO JBN/--
- Framework sets out criteria for reporting and offsetting emissions that cannot
be reduced
- Aimed at improving greenhouse gas emissions reporting
- Includes a consistent definition of GHG neutrality
- Full reporting of methane emissions will be included
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.
The Framework promotes verified and consistent quantification of GHG emissions
across the entire value chain, from extraction of natural gas, liquefaction,
shipping, regasification to final consumption. Significantly, it creates a
transparent practice to declare GHG neutral cargoes through an independently
verified Cargo Statement which sets out both emissions and offsets.
GIIGNL promotes that emissions are avoided and reduced where possible, and if
offsetting is used, it can compensate for residual emissions that cannot
otherwise be reduced or avoided.
"To fulfil the LNG industry’s critical and unique role in supporting the global
economy to transition to net-zero emissions, it is imperative that our sector
consistently and collaboratively accounts for emissions across the entire value
chain," said President of GIIGNL, Jean Abiteboul.
"Alongside reducing and offsetting overall emissions, it is our intention that
the Framework assists the industry in demonstrating greater transparency.”
Steve Hill, Executive Vice President, Shell Energy and GIIGNL Regional Vice
President for Americas added: “The Framework provides organisations across the
industry with a best-practice approach specifically designed to enhance
transparency and accuracy in quantifying, reporting, and offsetting emissions
associated with LNG cargoes. We are keen to start the groundwork on applying
this framework to deliver a test “GHG neutral” LNG cargo as defined by the
Framework."
Michiaki Hirose, Chairperson of Tokyo Gas and GIIGNL Regional Vice President
for Asia pointed out that “while corporate strategies to reach GHG neutrality
may differ from one company to another, the industry expects to achieve GHG
reductions throughout the LNG value chain."
Dan Brouillette, President of Sempra Infrastructure and member of the GIIGNL
Executive Committee explained: "The tools and pathways provided within the
Framework will help LNG organisations create clear and reliable GHG emissions
reporting that can be independently verified, supporting them to make good on
their climate commitments."
"We encourage the industry to begin using the Framework from now on but we
understand that alignment will take time as industry participants build
necessary resources and capabilities. We look forward to working with all
stakeholders so that the global community has the best chance of reaching
net-zero climate goals," President Abiteboul concluded.
GIIGNL recognises the importance of reducing methane emissions and the
Framework requires that they are reported separately in the Cargo Statement,
alongside all seven Kyoto Protocol GHGs.
Use of the term ‘GHG Neutral’ represents a full life cycle footprint across the
entire cargo value chain, based as much as possible on primary data, supported
by a long-term decarbonisation commitment, a delivered emission reduction plan
and fully netted with high quality offsets.
The Framework does not seek to replace any established standards and
methodologies for GHG emissions calculation, footprint determination and
offsetting. It integrates established internationally agreed standards and
methodologies and provides additional criteria for assessing and reporting GHG
emissions associated with the specific case of an LNG cargo.
About GIIGNL:
GIIGNL is the ‘International Group of LNG Importers’. With 86 member companies
headquartered in 27 countries, GIIGNL members handle more than 90% of LNG
imports worldwide. Over the last 50 years, the association has been playing a
unique role in the development of the LNG industry, constituting a forum for
exchange of information and experience among its members.
Source: International Group of Liquefied Natural Gas Importers
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