Posted by blowlamp on 12/11/2022 19:54:40:
Yeah, but LNG is a 'fossil fuel' – isn't it?
And?
Samsaranda asked me a fairly straightforward question about why things are they way they are with the energy markets are, and I answered him.
The fact that LNG is a fossil fuel seems to matter greatly to you, but it's pretty much irrelevant to the overall story.
At the present time, the world is effectively locked in to using fossil fuels as part of the "Energy Mix" for a variety of technical and structural reasons.
In that context, anything which reduces the carbon intensity of energy in that overarching "Energy Mix" will be a positive from the perspective of reducing the overall greenhouse gas production.
I explained earlier in the thread how LNG is often sourced from gas which would otherwise be flared as a by-product of oil production (which we're locked into due to demand for petrochemicals and transport fuels).
The net result of that, is that gas which would have been burned as an inconvenience is used as a useful fuel, and the equivalent amount of gas does not need to be produced and then used elsewhere in the world, resulting in less carbon entering the atmosphere overall.
My day job is very much concerned with reducing the carbon intensity of manufactured goods and improving the environmental performance of large process plants across the chemical, petrochemical and heavy manufacturing sectors; I have had a long involvement with Oil & Gas having worked on the E&P side early in my career and had various "Supermajors" as clients over the years…
In spite of this I have no problem with admitting the need to decarbonise the economy, and the urgency of the climate problems we're facing, nor do any of the people I worked with in the (UK) Oil industry.
At this point it's merely a question of timing when companies like Shell & BP will choose to make green energy their core business activity and wind down the petroleum side, they see the writing on the wall, but don't want to leave money on the table by going too early (like Orstead, formerly DONG Energy did), whilst balancing the risk of complete ruin if they go too late and are locked out of the new markets.