Eni says to deliver carbon-neutral LNG cargo to Taiwan’s CPC

Italian energy giant Eni said it would deliver one carbon-neutral LNG cargo to Taiwan’s CPC Corp at the latter’s Yung-An receiving terminal in Kaohsiung.

Under the deal, Eni will supply the shipment from Indonesia’s Bontang liquefaction terminal as part of the firm’s contract with Eni Muara Bakau, the joint venture operated by the Italian firm which owns and operates the Jangkrik gas field.

Moreover, the cargo would be certified as carbon-neutral according to the internationally recognized PAS2060 standard, Eni said on Friday.

As part of the transaction, Eni will offset the overall GHG emissions related to the entire value chain of the LNG cargo through the retirement of nature-based credits

This includes gas production, transmission, liquefaction, shipping, regasification, distribution, and end-use, it said.

In particular, Eni would source the credits from two REDD+ projects certified by Verra: Luangwa Community Forest project in Zambia and Kulera Landscape REDD+ project in Malawi.

Also, the assessments would include a verification of the projects’ calculated CO2 reductions and/or removals and the criteria of additionality, permanence, leakage and double counting, Eni said.

Eni added it would calculate the GHG emissions of the LNG cargo using the company’s proprietary methodology, that follows a lifecycle approach for the “comprehensive accounting of the GHG emissions” related to energy products sold, whether derived from equity or purchased production.

“Milestone transaction”

“This is a milestone transaction for Eni, which shows how the company is moving forward in its decarbonization strategy while creating value for its LNG portfolio through own equity projects,” the firm said.

Eni’s long-term strategy aims to achieve carbon neutrality in its products and operations by 2050.

On the other side, CPC has already received at least two carbon-neutral LNG cargoes from Shell.

The firm said in a separate statement the cargo arrived at the Yung-An terminal on Friday.

Most Popular

Venture Global to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Kimmeridge’s Commonwealth LNG seeks expedited approval from FERC

Kimmeridge's Commonwealth LNG is seeking expedited final approval from the US FERC as it looks to make a final investment decision on its planned LNG export plant in Louisiana later this year.

More News Like This

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Eni’s LNG sales climb in Q1

Italian energy firm Eni said its liquefied natural gas (LNG) sales rose in the first quarter of 2025 compared to the same period last year.

Italy’s Eni to join YPF’s Argentina LNG project

Eni's CEO, Claudio Descalzi, and the CEO of YPF, Horacio Marín, signed the memorandum on Monday to evaluate Eni's...

Taiwan’s LNG imports climb in March

Taiwan's imports of liquefied natural gas (LNG) rose last month compared to March 2024, according to customs data.