skip to main content

emissions solutions

importance of natural gas as energy solution highlighted

1 min read | march 22, 2024

Chevron’s Wheatstone Project in Australia includes two LNG trains.

As demand for natural gas continues to grow, liquefied natural gas (LNG) is set to play a key part in helping lead the world to a lower carbon future.

Clay Neff, president of international exploration and production, explained during CERAWeek that LNG will serve as an important energy source today and into the future.

“The world is going to need all forms of energy, and natural gas will continue to play a fundamental role,” Neff said.

“It is essential we stay focused on developing energy solutions that balance economic development and prosperity, energy security and environmental protection.”

clay neff
chevron international exploration and production

what is LNG?

Natural gas is a fuel used to generate heat and electricity. When lowered to a temperature of -260° F (-162° C), natural gas becomes LNG, making it easier to transport and store.

Natural gas to LNG infographic

why it matters

Natural gas powers critical industries across the world, and its use is only expected to grow. Switching from coal to natural gas for power generation can help lower carbon emissions.

Clay Neff participated in 2024 CeraWEEK to highlight the role natural gas will play in a lower carbon future.

Clay Neff participated in CERAWeek 2024 to highlight the role natural gas will play in a lower carbon future.

meeting the need

Chevron already has a robust global LNG business. This includes LNG production in:

It is increasing production in other parts of the world, such as the U.S., to distribute LNG more widely.

did you know?

Global LNG demand is expected to increase by 18% between 2021 and 2026, driven by increasing demand in Europe, according to a Bloomberg analysis.

Neff said Chevron’s LNG business is growing along with world energy needs.

“The global population is expanding and so is access to electricity. Both factors will drive increased demand for energy,” he said. “This energy needs to be lower carbon, and renewables cannot support this demand alone.”

topics covered

chevron email updates