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Chart: Is LNG worse for the climate than coal? Research suggests that liquefied natural gas can have a bigger emissions footprint than coal, undermining LNG’s status as a “bridge fuel.”
(www.canarymedia.com)
Horrific.
We're making the same mistake now as we did after the Iraq War. During/after that war, there was a massive push to decrease US reliance on Middle Eastern oil. That was great, but unfortunately, most of the effort centered on domestic oil production, including fracking, which is even nastier than conventional oil production. We should have been building out and transitioning to renewables instead.
Now we have the same basic problem: Europe has realized it can't rely on Russia for its fossil fuels and is now greatly increasing consumption of LNG, which is even nastier (for climate emissions) than conventional fossil fuels, even apparently coal, which I didn't know was possible. That's insane!
Let's learn from this and build as much wind, solar, and other renewables as quickly as possible.
EU 2023 LNG imports have been below 2022 imports. That is still a massive increase compared to 2021, but that was to be expected. Maybe even more important the natural gas price is falling extremely quickly. It halved over the last year. LNG is more expensive then other transport methods of natural gas, so it is the first to be cut.