Pavilion Energy has imported what it says is Singapore’s first carbon-neutral LNG cargo.
The Singapore-based unit of Temasek said it would offset all the carbon emissions, from “well-to-tank”, associated with the LNG cargo.
This includes the extraction, production, transportation but also regasification.
In addition, Pavilion said it would retire a corresponding amount of “high-quality” carbon credits sourced from its portfolio of carbon offset projects.
The projects include Evio Kuinaji Ese’Eja Cuana in Peru and Liangdu Afforestation in China. Both projects work on the protection and restoration of forests, the firm said.
Assuming an average LNG cargo size of 70,000 tonnes, the ‘well-to-tank’ emissions reach about 60,000 tonnes of carbon dioxide equivalent (CO2e), the firm said.
Pavilion did not provide additional information on the shipment.
“This carbon-neutral cargo is another important milestone for Pavilion Energy in our ambition to provide cleaner energy and develop our carbon trading activities,” Frédéric H. Barnaud, CEO of Pavilion, said.
“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,” he said.
Pavilion is one of the term importers appointed by the Energy Market Authority to deliver and sell LNG via the country’s only import terminal on Jurong Island.