The book's second chapter, LNG and ESG, authored by Partners Jason Bennett and Michael Harrison, frames LNG in the context of environmental, social and governance (ESG) issues and the energy transition generally. It addresses:

• the avoidance, reduction and removal (ARR) of greenhouse gas (GHG)1emissions arising from the production of natural gas and the production,
• transportation and use of LNG across the LNG value chain; and the potential use of carbon credits to offset GHGs not decarbonized by ARR.

While ESG covers a diverse number of related and unrelated matters, this chapter focuses on the ‘E’ in ESG – and in particular, on the ARR of GHG emissions as an important component of addressing climate change within the energy value chain. In the context of LNG, this chapter examines:

• decarbonization and avoidance of GHG emissions in the production and transportation of feedstock natural gas and LNG;
• the use of carbon credits (acquired from a voluntary carbon market or trading platform or via bilateral contractual arrangements) for unabated LNG-related emissions;
• the role of natural gas in avoiding the use of higher-emissions fuels; and
• the important future role of carbon capture and storage (CCS) in abating emissions that cannot be abated. 

Additionally, the book's introductory chapter, The role of LNG, is authored by Baker Botts Senior Counsel and a Fellow at the Baker Institute's Center for Energy Studies at Rice University, Steven Miles.

To read an excerpt of the chapter, LNG and ESG, please click here.

Liquefied Natural Gas: The Law and Business of LNG, Fourth Edition takes into account the rapidly shifting arrangements and participations across the international LNG business.

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