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Latest issue of The LNG Markets
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Highlights of Issue :

A global rebound from Covid-19 combined with extraordinary demand for winter LNG cargoes, lowest EU gas storage level in five years and gas supply trouble in the US- first due to hurricane Ida and now hurricane Nicholas has pushed natural gas and LNG prices to its record high level.
Early in September, Hurricane Ida disrupted sizable feed gas supply in the US and now on Sep 14 hurricane Nicholas knocked out Freeport LNG liquefaction facility on the Texas Gulf Coast.

Kamlesh Trivedi

Editor
kamlesh@lngworldwide.com

 

Trade Overview
Steep rise in winter prices feared by Asian European importers
 
  News

INPEX Corp to supply a carbon neutral cargo to Toho Gas on Sep 18

INPEX Corp of Japan has announced that it has made carbon neutral arrangements for a shipment of LNG from the INPEX-operated Ichthys LNG Project, Australia to be supplied to Toho Gas. The shipment of carbon-neutral LNG is expected to arrive at Chita LNG Terminal in Chita City, Aichi Prefecture, Japan on September 18, 2021.
Earlier in September, INPEX had announced that it will supply a carbon neutral LNG shipment of approximately 70,000mt to Shizuoka Gas. This carbon-neutral LNG shipment had arrived at the Sodeshi LNG Terminal in Shizuoka Prefecture, Japan, on September 4, 2021. The Sodeshi LNG Terminal is operated by Shimizu LNG Co. Ltd, a Shizuoka Gas group company.
The carbon footprint of the LNG shipment has been offset using carbon credits applied to greenhouse gas emissions across the entire natural gas supply chain including upstream production, liquefaction, transportation, regasification, marketing and combustion by customers in Japan, said INPEX in a statement. The carbon credits used to offset the shipment’s carbon footprint meet the Verified Carbon Standard deriving from greenhouse gas reduction efforts at global forest conservation projects, etc.
INPEX has set goals to achieve its own net zero carbon emissions by 2050, as outlined in its “Business Development Strategy - Towards a Net Zero Carbon Society by 2050” announced in January 2021. This carbon-neutral LNG shipment is aligned with this strategy and is an initiative to provide a solution to the social need of utilizing natural gas in a cleaner manner.


 
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