Natural Gas Essential for Global Energy Needs
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WASHINGTON, June 1, 2023 — On the conclusion of the G7 summit in Japan and ahead of the G20, COP28 and other international events, a coalition of organizations from across the global natural gas industry, including the American Petroleum Institute (API), U.S. Chamber of Commerce, Asia Natural Gas and Energy Association (ANGEA), International Gas Union (IGU), LNG Allies, U.S. LNG Association and Western States & Tribal Nations Natural Gas Initiative released the following joint statement:
“We commend the decisive leadership of Japan and the G7 nations for supporting investment in natural gas infrastructure in the final communique earlier this month. The G7 statement reaffirms that natural gas will remain essential to meeting growing global energy needs and demonstrates that the world’s leading democracies support the role of responsible natural gas producers in helping to ensure global energy security while advancing our shared climate goals.
“In the coming decades, the world will demand more energy, not less, and natural gas will play a foundational role in the global energy mix for decades. The importance of this role will only grow as an increasing number of fast-growing countries aim to expand energy access for their citizens while reducing heavy reliance on coal with an increased supply of liquefied natural gas (LNG).
“As leaders prepare for the G20, COP28, and other international gatherings, our organizations remain committed partners in expeditiously reducing global greenhouse gas emissions and promoting responsible public investment across the natural gas value chain to improve quality of life, secure global energy systems, and elevate environmental standards.”
API represents all segments of America’s natural gas and oil industry, which supports nearly 11 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. Our approximately 600 members produce, process and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 800 standards to enhance operational and environmental safety, efficiency and sustainability.