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Internationally, organizations such as the Organization of the Petroleum Exporting Countries (OPEC) and the International Energy Agency (IEA) serve vital roles in coordinating policies among member nations, which can affect global natural gas markets. The establishment of these organizations helps stabilize prices and ensures that the benefits of natural gas are shared across nations.
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One of the most significant advantages of LNG is its lower environmental impact compared to traditional fossil fuels. When burned, LNG emits about 50% fewer carbon dioxide (CO2) emissions compared to coal and around 30% less than oil. Moreover, it produces virtually no sulfur dioxide (SO2) or particulate matter, which are significant contributors to air pollution and health problems. As countries grapple with climate change and strive for greener energy solutions, LNG presents itself as a cleaner bridge fuel that can support a transition towards more sustainable energy production.
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