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carbon offset LNG #1537

Open Iulia101 opened 1 year ago

Iulia101 commented 1 year ago

Description of the issue

"carbon offset LNG" is an important term in the LNG domain, that should be added.

Ideas of solution

Propose definition: A process that involves a reduction in, removal of, greenhouse gas emissions or in carbon storage in order to compensate for emissions made by the liquefied natural gas process - addapted for LNG as proposed by ERRA (ET_glossary_final.pdf).

Update oeo-physical. Parent LNG - OEO: 00010237.

Workflow checklist

I am aware that

l-emele commented 1 year ago

We have to distinguish here two concepts:

  1. The process of producing LNG by carbon offsetting.
  2. The material entity LNG that is output of such a process.
Snjezana-JO commented 1 year ago

Hi, I-emele, Can you please elaborate the two concepts?

stap-m commented 1 year ago

Propose definition: A process that involves a reduction in, removal of, greenhouse gas emissions or in carbon storage in order to compensate for emissions made by the liquefied natural gas process - addapted for LNG as proposed by ERRA (ET_glossary_final.pdf).

The process of producing LNG by carbon offsetting.

Let's call the process carbon offset LNG production for now. The proposed definition from @Iulia101 suggests, that carbon offset LNG production is a specification of an LNG production process, which should be defined as a first step.

l-emele commented 1 year ago

What exactly do we mean here with LNG production? The whole process chain from extraction of natural gas from the soil to liquefaction?

Snjezana-JO commented 1 year ago

Please note the slice difference between carbon offset & carbon neutral LNG: Carbon offset LNG refers to liquefied natural gas that has undergone a process to offset or compensate for its carbon emissions. This involves investing in projects or activities that reduce or remove an equivalent amount of CO2 from the atmosphere to offset the emissions generated throughout the LNG lifecycle. On the other hand, carbon-neutral LNG refers to liquefied natural gas that has been produced and consumed in a way that results in net-zero carbon emissions. This means that the entire carbon footprint associated with LNG production, transportation, and use has been effectively balanced or offset through various measures, such as reducing emissions, utilizing carbon capture and storage (CCS) technologies, or purchasing verified carbon offsets. While both concepts aim to reduce the environmental impact of LNG, carbon-neutral LNG goes a step further by ensuring that no net carbon emissions are released into the atmosphere. It requires a comprehensive approach that minimizes emissions throughout the entire value chain and includes offsetting or neutralizing any remaining emissions.

Snjezana-JO commented 1 year ago

What exactly do we mean here with LNG production? = We'll go through it internally and revert asap.

l-emele commented 1 year ago

Probably we have to discuss and solve issue #1538 first which has all the stages of the LNG process chain before adding the additional difficulty of defining LNG production combined with carbon offsetting.