As global industry begins to concentrate on reducing harmful emissions from its processes, the pressure on substituting fossil-based fuels with sustainable and renewable alternatives has never been greater. Further adoption of lower carbon fuels such as liquefied natural gas (LNG) is one way by which companies have sought to reduce their carbon footprint as the energy transition gains traction.
Although not entirely carbon-free, LNG offers hard-to-abate sectors such as energy, shipping, and heavy goods vehicle (HGV) transport a way to mitigate their harmful emissions while investment and development of more sustainable energy infrastructure such as hydrogen continues to grow.
Europe has seen an LNG resurgence in recent times, following the onset of the Covid-19 pandemic causing a significant drop in European LNG imports in mid 2020 LNG recovered to normal levels in mid-2021.
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