Compared to fossil gas transported by pipeline, LNG (liquified natural gas) is valued for its flexibility in terms of trade and suppliers. This is an argument used by the oil and gas industry to justify its development on the grounds of energy security, particularly in the aftermath of Russia's invasion of Ukraine. However, its energy-intensive processes and significant methane leakage along the value chain make its use highly questionable in the context of the climate emergency.
With shale gas being a primary source of fossil gas in the U.S, the webinar starts with a dive into the U.S. shale gas industry, including its climate impacts - particularly in terms of methane- , and the prospects for the sector in the current environment. We then discussed LNG from the supply side perspective, covering the global LNG market, as well as the U.S. market and development plans. The webinar concludes with an analysis of demand, using Europe as an example and discussing the risks for the development of new LNG infrastructure.
This webinar was the second of two on fossil gas. The first one provided an overview of the role of fossil gas in climate scenarios.
