A unit of energy giant BP said it has delivered its first carbon offset LNG cargo to Taiwan’s CPC Corporation.
BP Singapore supplied the shipment to the Yung-An terminal in Taiwan in September, BP said in a statement on Monday.
Prior to this cargo, Taiwan’s CPC received carbon-neutral LNG shipments from Shell and Eni.
On the other side, this marks BP’s first delivery of carbon offset LNG in the Asia-Pacific region, following its first delivery globally to Sempra LNG at the Energia Costa Azul terminal in Mexico in July, it said.
Also, this new carbon offset LNG offer strengthens BP’s natural gas offering in the region.
Carbon dioxide (CO2) and methane (CH4) emissions associated with the LNG cargo, from wellhead to discharge terminal for the specific source and voyage, were estimated using BP’s GHG quantification methodology for LNG.
BP said this methodology has been developed having regard to relevant international standards and incorporating input from third party experts including the Wood Mackenzie LNG carbon emissions tool.
The firm did not provide any additional information on the shipment.
“Natural gas has a key role to play in getting the world to net zero. This new offer further demonstrates our determination to remain one of the world’s leading and most innovative LNG suppliers,” Carol Howle, BP’s EVP trading and shipping, said.
“The development of a clear and reliable methodology for quantifying the carbon intensity of our LNG supply chain is an important step in helping our customers deliver their sustainability goals and supports our ambition to help the world get to net zero,” Howle said.