2022 WORLD LNG REPORT PRESS RELEASE - Seite 4

A key part of the solution to climate problem

"Even if it is becoming increasingly challenging in the current environment, the world must stay the course of energy transition, and natural gas, together with a growing portfolio of decarbonised, low and zero- carbon gases, will be key to making that possible." – IGU Secretary General, Milton Catelin commented – "Gas is the fastest attainable and sustainable long-term vehicle to get the world back onto the energy transition path, and the inherent flexibility of LNG allows to deliver it to almost anywhere in the world."

Global gas industry continues to strengthen its vital role in solving the climate change problem and enabling an achievable and sustainable energy transition. Over the past year, we have seen an increased focus on decarbonisation among liquefaction facilities. For example, several proposed projects such as the Cedar LNG 1 (3.0 MTPA), Kitimat LNG (18.0 MTPA) and Woodfibre LNG (2.1 MTPA) in Canada will be powered by clean, renewable hydroelectricity. In the US, Venture Global is currently developing CCS at its LNG facilities (Plaquemines LNG and Calcasieu Pass LNG). Through this undertaking, Venture Global will capture and sequester an estimated 500,000 tonnes of carbon per year from its Calcasieu Pass and Plaquemines liquefaction sites. Low-carbon LNG is expected to play a key role in the global energy system.

Other innovative solutions are also being explored on some LNG liquefaction plants. For example, Hammerfest LNG has introduced the all-electric concept, which was also applied for Freeport LNG featuring electric motors installed to drive their liquefaction compressors. It is also connected to the local grid, which uses renewable energy as part of the electricity mix. This can significantly reduce emissions, depending on the power mix used to fuel the electric motors. Other decarbonisation solutions being explored include absorption of CO2 from the natural gas feed.

Liquefied natural gas today, and progressively decarbonised, low and zero- carbon gases, will contribute to a sustainable energy – now and in the future. Gas is itself a major decarbonisation vehicle, and the only hydrocarbon that can be decarbonised at scale, while continuing to provide flexibility and reliability to energy consumers and feedstock to vital indusial sectors. Gas and renewables will be the two major pillars of decarbonisation.