The global LNG industry can achieve a 60 percent reduction in greenhouse gas (GHG) emissions with existing technologies and $100 billion in investments, according to a new International Energy Agency (IEA) report. With global LNG production expected to reach nearly 300 billion cubic meters by 2030, the IEA explained that expanded investments in methane abatement, electrification, carbon capture and storage (CCS), and reduced flaring can support widespread benefits across the value chain.

Notably, these investments will be compounded with the pre-existing emissions and reliability benefits that increased LNG utilization provides—with the report highlighting that across the entire lifecycle, more than 99 percent of the global LNG consumed in 2024 already had lower emissions than coal. However, with the U.S. industry’s leading operational footprint, American-produced LNG often results in greater emission reductions. Consider, Rystad Energy reported that U.S. LNG, even when transported 23,000 miles, emits up to 50 percent fewer GHG emissions than the cleanest coal plants in the world.

Read the full post on EIDClimate.org.