Pavilion Energy is calling on LNG suppliers to help develop an industry standard for the fuel’s total greenhouse gas (GHG) emissions, according to Reuters.
In an article published today (2 April), Reuters said Pavilion group chief executive Frederic Barnaud had sent the news agency an email saying: ‘We believe that the attractiveness of natural gas as a transition fuel must be reinforced by a better understanding and then reduction of its carbon footprint.’
Reuters said that Pavilion Energy – which last month announced it had signed a five-year agreement for LNG storage and reload services at the SLNG Terminal on Jurong Island – is asking suppliers to commit to jointly develop and implement a GHG quantification and reporting methodology, covering emissions from the well to the discharge terminal.
As previously reported by Bunkerspot, there are concerns about the release of methane (the so-called ‘methane slip) that occurs during the life-cycle of LNG production and usage.
Barnaud was also quoted as saying that Pavilion wants to help promote standardisation, certification and price transparency for emissions reduction or offset certificates in Asia and to work with other players to develop a marketplace and trading hub. In addition, he said that Pavilion is also looking into studying hydrogen as a complement to natural gas.
The forthcoming April/May issue of the Bunkerspot magazine will include a special focus on LNG and GHG emissions, with contributions from MAN Energy Solutions and DNV GL.