Petronas says delivers its first carbon-neutral LNG cargo to Shikoku Electric

Malaysian energy giant Petronas said it has delivered its maiden carbon-neutral liquefied natural gas (LNG) cargo to Japan’s Shikoku Electric.

Shikoku Electric received the cargo at the Sakaide import terminal in Shikoku Island. Petronas supplied the shipment from its Bintulu complex in Malaysia on Tuesday, it said in a statement.

Also, the Malaysian firm said it has offset the estimated carbon footprint of the LNG cargo through renewables-based carbon credits. This includes the emissions generated from upstream gas exploration and production, transportation, liquefaction, and shipping of the cargo.

Additionally, the carbon credits used by Petronas for the delivery were certified under the Verified Carbon Standard program. According to Petronas, the program is globally recognised and has been adopted by energy players and producers.

In the LNG industry, carbon-neutral LNG is seen as a catalyst to spur greater carbon commitments, with a growing number of LNG consumers seeking ways to reduce their carbon footprint, Petronas said.

As an integrated energy player, Petronas “actively seeks collaborations with buyers and end-users to achieve their sustainability goals,” it said.

Besides the maiden carbon-neutral LNG cargo, Petronas is also reducing its carbon footprint throughout its LNG and gas value chain.

These carbon reduction efforts, among others, include powering the Bintulu LNG complex with 90MW of hydroelectricity, conducting flare recovery as well as carbon capture and storage from offshore gas fields, Petronas said.

Most Popular

Cheniere plans to boost LNG export capacity to 100 mtpa

US LNG exporting giant Cheniere plans to boost its export capacity to about 100 mtpa via new expansion projects at its Sabine Pass and Corpus Christi LNG terminals.

KARMOL takes delivery of fourth FSRU

KARMOL, a joint venture of Turkiye's Karpowership and Japan's MOL, has taken delivery of its fourth floating storage and regasification unit in Singapore.

NYK LNG carrier rescues 11 people in Atlantic Ocean

A liquefied natural gas (LNG) carrier managed by a unit of Japan's shipping giant NYK rescued 11 Portuguese fishers in the Atlantic Ocean on June 22.

More News Like This

Petronas, JOGMEC pen LNG cooperation deal

Malaysian energy giant Petronas and Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation to expand the collaboration framework in the liquefied natural gas sector, through a strategic LNG arrangement.

Woodside inks non-binding LNG supply deal with Petronas

Australia's Woodside has signed a non-binding heads of agreement with Malaysia's Petronas to supply the latter with liquefied natural gas (LNG) from its global portfolio. The deal may include supplies from Woodside's Louisiana LNG project in the US.

Petronas, Commonwealth LNG ink 20-year SPA

Malaysian energy giant Petronas has signed a 20-year deal to buy liquefied natural gas from Commonwealth LNG's planned 9.5 mtpa facility in Cameron, Louisiana.

Petronas, Jera strenghten LNG ties

Malaysia's Petronas and Japan's Jera have agreed to expand their collaboration across the gas value chain, including providing LNG supply for Japan, with the signing of a memorandum of understanding.