Cheniere Energy is committed to minimising greenhouse gas emissions related to its natural gas acquisition and liquified natural gas export processes, executive vice president Anatol Feygin said Wednesday.

Speaking at the World LNG & Gas Series Americas Summit & Exhibition, Feygin said Cheniere and other LNG exporters have become increasingly concerned about eliminating greenhouse gasses related to their operations in recent years.

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“I would say it is a shift in focus from a singular focus on growth of two to five years ago by the industry, to now being very focused on the social license to operate and its environmental bona fides,” he said.

Feygin noted that Cheniere had started a research partnership dedicated to developing methods to reducing greenhouse gas emissions in the LNG industry. The company launched a study to quantify, monitor, report and verify (QMRV) greenhouse gasses in June with five gas producers, a process he said is still in its infancy.

“(The partnership is in) the relatively early stages of evaluating equipment, evaluating different mechanisms to collect and process the data, and we will collaboratively work to figure out what the best options are,” Feygin said.

The Cheniere executive said the QMRV plan would include a programme to “tag” LNG shipments, ensuring each one was below a set emissions level. How that tagging system will work, Feygin said, remains a work in progress.

“I don’t know what the exact mechanism will be,” he said. “Whether they're looking at third party certification mechanism, whether they'll have a standardisation of that, the jury’s still out.”

Feygin said that, while Cheniere is one of the companies at the forefront of LNG exporters looking to reduce greenhouse gas emissions, the vast majority of the industry’s producers and exporters are also on board.

“We are already in a beautiful position where over three-quarters of the producers that we interact with made their own climate commitments,” he said. “So this is the industry is fully committed to this improvement.”