Life-cycle carbon emissions of 600-700 kgs per mwh result from natural gas electricity
delivered to market as LNG.
Source: “Life Cycle Greenhouse Gas Perspective On Exporting Liquefied Natural Gas From the United States, 2014,”
US Department of Energy
Carbon pricing will destroy the Liquid Natural Gas (LNG) industry. But carbon pricing also will spark the next global economic boom.
Natural gas delivered to market as LNG has life-cycle greenhouse gas emissions (ie extraction, pipelining, liquefaction, shipping, regasification, pipelining and burning for electricity) of roughly 600-800 kg of carbon per megawatt-hour of electricity.
That’s only about 20-25% less than coal — at huge cost. Solar comes in around 40 kg per megawatthour. Wind comes in around 12.
In short, the fate of the Liquid Natural Gas (LNG) industry will determine whether humanity wins or loses its game of climate roulette.
If carbon pricing expands and prices rise, the world will be propelled toward a cleaner, more prosperous, peaceful future. Done carbon pricing is done badly — or worse — not at all, civilization will come undone.
LNG is a bad technology entrenching itself at the worst possible time. A few simple graphs make the case.
The universal mantra of the $90 billion LNG industry is that LNG is a desirable technology because natural gas is a low emission energy source. That’s disingenuous to the point of being an outright lie.
LNG, narrowly defined, is a $90 billion industry, but that doesn’t include a host of other associated industries.