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CERA: Industry aims to fuel world, lower GHG emissions

02/25/2008
The global oil and gas industry faces the simultaneous goals of producing more energy while lowering emissions of greenhouse gases (GHGs), speakers told Cambridge Energy Research Associates annual conference in Houston.Natural gas, both pipeline gas and LNG, appears to be a fossil fuel favorite in industry’s race to meet rising energy demand.Michael Stoppard, CERA senior director of global gas, forecasts world LNG liquefaction capacity will grow by almost one-third to 341 billion cu m in 2 years. He expects 58 LNG ships will be added to the existing 251-vessel fleet during 2008.Linda Cook, Royal Dutch Shell PLC executive director of gas and power, said LNG trading volumes will incre...
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