Deploying carbon capture and storage (CCS) technologies could cut more than one-quarter of emissions associated with global liquefied natural gas (LNG) facilities, according to consultancy Wood Mackenzie.

Senior analyst Daniel Toleman said the main options for reducing LNG emissions include CCS, carbon offsets, methane leakage reduction, electrification, as well as renewables and batteries. However, CCS development could have a “material impact” on reducing LNG emissions, he said. 

“The good news is that LNG players are well placed to lead the CCS charge, with strong balance sheets, operational capability and reservoir expertise,” Toleman said. “There are also economic incentives for pursuing CCS as reducing emissions mitigates against a carbon tax, helps future-proof...