Pavilion Energy Singapore has imported Singapore’s first carbon-neutral LNG cargo, advancing the country’s sustainability goals
Carbon emissions associated with the LNG cargo from well-to-tank including the extraction, production, transportation, and regasification will be offset by retiring a corresponding amount of high-quality carbon credits sourced from its portfolio of carbon offset projects.
The carbon credits used for the offset are from Natural Climate Solutions projects certified under the Verified Carbon Standard (VCS) and Climate, Community and Biodiversity Standard (CCB) - Evio Kuinaji Ese’Eja Cuana in Peru and Liangdu Afforestation in China. Both projects are designed to protect and restore forests and promote co-benefits through supporting local communities and protecting biodiversity.
Contacted by LNG Shipping & Terminals, Pavilion Energy declined to comment on the volume and source of the LNG.
As previously reported, Pavilion Energy signed separate long-term, sales and purchase agreements with Chevron USA and Qatar Petroleum for the supply of carbon-neutral LNG cargoes. Both those agreements begin in 2023. Under a six-year deal, Chevron USA will supply up to 0.5M tonnes of LNG per year, while Qatar Petroleum Trading will supply up to 1.8 mta of LNG for a 10-year period.
Pavilion Energy group chief executive Frédéric H Barnaud said “This carbon-neutral cargo is another important milestone for Pavilion Energy in our ambition to provide cleaner energy and develop our carbon trading activities. Our aim is to support our customers in their transition towards a lower carbon future with solutions to meet their climate targets and potential regulatory requirements.”
Pavilion Energy is wholly owned by Singapore state investor Temasek, which has committed to halving its emissions from its portfolio by 2030, with a transition to net-zero emissions by 2050.
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