France's Total partners with Siemens Energy on LNG emissions reductions

摘要

French energy major Total said April 13 it is working with Germany’s Siemens Energy to study ways to reduce carbon emissions in LNG production, amid similar efforts by North American exporters and liquefaction terminal developers. The global energy transition to greater use of cleaner-burning fuels has presented challenges for producers in securing new buyers of their supplies and addressing the impact on their growth goals in a future that is forecast to see lower demand for fossil fuels after 2040. Some market participants are taking proactive measures now, to make their LNG more palatable to regulators, bankers and end-users. Total, with a significant LNG portfolio that is expected to reach 50 million mt/year and a global market share of about 10% by 2025, has a big role to play in Europe, and in the US and Mexico, where it is both a producer and an offtaker.