Singapore, June 16 (TIWN) S&P Global Platts, the leading independent provider of information, analytics and benchmark prices for the commodities and energy markets, on Wednesday announced the launch of the world's first daily carbon-neutral LNG price assessment (CNL), which tracks the cost of carbon credits purchased and retired to offset the carbon emissions for an LNG cargo on the world's most active trade route.

The assessment brings transparency to this growing portion of the LNG market as the industry seeks to mitigate greenhouse gas (GHG) emissions and deploy further efforts to reduce the climate impact of their activities. CNL involves offsetting the carbon emissions associated with the upstream production, liquefaction, transportation and, where required, combustion of the gas - through the purchase and retirement of carbon credits, which in turn support the protection and restoration of natural ecosystems or other renewable projects.