{"id":23158,"date":"2015-07-07T00:01:39","date_gmt":"2015-07-06T23:01:39","guid":{"rendered":"http:\/\/www.rtcc.org\/?p=23158"},"modified":"2015-07-06T09:17:18","modified_gmt":"2015-07-06T08:17:18","slug":"shale-gas-export-terminals-dont-fit-with-climate-action-research","status":"publish","type":"post","link":"https:\/\/www.climatechangenews.com\/2015\/07\/07\/shale-gas-export-terminals-dont-fit-with-climate-action-research\/","title":{"rendered":"Shale gas export terminals don’t fit with climate action – research"},"content":{"rendered":"

Investment in infrastructure to liquefy gas for the global market won’t pay off if warming is held to 2C, say analysts<\/strong><\/span><\/p>\n

\"An

An LNG tanker in port (Pic: Shell)<\/p><\/div>\n

By Megan Darby<\/a><\/strong><\/p>\n

Plans to liquefy North American shale gas for shipping around the world do not fit with a safe climate future, analysts have warned.<\/strong><\/p>\n

Worldwide, US$283 billion of mooted Liquefied Natural Gas (LNG) projects are unlikely to pay off if efforts to curb warming to 2C are effective.<\/p>\n

More than half of these are in Canada and the US, whence producers hope to export the fruits of their fracking boom.<\/p>\n

These are the findings of a report by Carbon Tracker on the gas assets that will be surplus to requirements in a low carbon future.<\/p>\n

Following similar analyses of the coal<\/a> and oil<\/a> markets, the London-based think tank is challenging the industry\u2019s bullish expectations for natural gas.<\/p>\n

\u201cIt is not as cut and dried a story as with coal,\u201d report author Andrew Grant told RTCC.<\/p>\n

Touted as a cleaner alternative to coal, gas is set to grow its share of the global energy mix even in a 2C scenario.\u00a0\u201cSwitching from coal to gas is a good thing, provided the gas extraction is done efficiently,\u201d said Grant.<\/p>\n

But the report finds this room for expansion is “not anywhere near as much as the industry projects and\u00a0certainly does not suggest a golden age of gas”.<\/p>\n

The International Energy Agency projects that to 2040, gas will account for 24% of the \u201ccarbon budget\u201d of emissions available under the 2C threshold.\u00a0Carbon Tracker based its analysis on that assumption.<\/p>\n

Analysis:\u00a0<\/strong>Is natural gas really a bridge to a greener future?<\/a><\/p>\n

From an investment perspective, some of the riskiest prospects are LNG terminals, which need a lot of upfront cash.<\/p>\n

Transporting gas as LNG also ups its carbon footprint, as energy is needed to cool it to a liquid state.<\/p>\n

Some 97% of LNG demand over the next decade can be met from projects already inked, Carbon Tracker’s analysis suggests.<\/p>\n

A planned merger between Shell and BG Group will make them the most exposed company to LNG infrastructure, with US$59 billion of investment in the pipeline.\u00a0That will all be surplus to requirements if climate action curtails demand.<\/p>\n

The report also highlights the importance of capturing \u201cfugitive emissions\u201d \u2013 methane leaked during the extraction process.<\/p>\n

Methane has more than 20 times the warming impact of carbon dioxide. If 1% of production is lost to leakage, scientists estimate that is equivalent to 12% of the emissions from burning the remaining gas.<\/p>\n

While the evidence is limited, studies suggest on average 1.4% of gas is leaked from conventional wells and 2.9% from unconventional sources like shale.<\/p>\n

Initiatives to regulate such leaks should be delivered fast, Carbon Tracker says.<\/p>\n

\u201cAt the gas prices in our scenarios, capturing this lost product should more than pay for itself,\u201d the report says. \u201cThere is little excuse for not dealing with the problem.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"NEWS: Investment in infrastructure to liquefy gas for the global market won’t pay off if warming is held to 2C, say analysts","protected":false},"author":12,"featured_media":23160,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[11,451,80],"coauthors":[],"class_list":["post-23158","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-featured","tag-fracking","tag-oil-and-gas","type-news"],"acf":[],"yoast_head":"\nShale gas export terminals don't fit with climate action - research<\/title>\n<meta name=\"description\" content=\"NEWS: Investment in infrastructure to liquefy gas for the global market won't pay off if warming is held to 2C, say analysts\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.climatechangenews.com\/2015\/07\/07\/shale-gas-export-terminals-dont-fit-with-climate-action-research\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shale gas export terminals don't fit with climate action - 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