Nonprofit MiQ and partner Carbon Limits plan to roll out an emissions certification standard for liquefied natural gas volumes (LNG) as early as this summer, providing a potential boost for suppliers under pressure from customers to lower their environmental impacts.

The partners said Thursday they are developing the first independently audited certification standard to calculate the methane emissions associated with producing and transporting liquefied natural gas (LNG).

“From early summer, LNG producers and buyers will be given the tools to provide the transparency currently missing in the market — helping to pick up the pace in our fight against climate change and taking us one step closer to net-zero,” said MiQ senior adviser Georges Tijbosch.

The announcement comes...