AsiaContracts and Tenders

Shell to supply carbon-neutral LNG cargoes to China’s CNOOC

By Mirza Duran
A Shell logo
A Shell logo

Shell recently signed a deal to supply carbon-neutral LNG cargoes to CNOOC Gas & Power Group, a unit of China National Offshore Oil Corporation.

Hague-based Shell said on Monday that these shipments will be the first carbon-neutral LNG cargoes to Chinese Mainland.

The cargoes will provide enough energy to power nearly 300,000 homes for a full year.

Carbon-neutral means that all emissions coming from exploration and production of the natural gas are offset by credits from a variety of nature-based projects.

These include Shell supported afforestation projects from Qinghai and Xinjiang provinces in China, the company said.

CNOOC plans to auction these two LNG cargoes through the Shanghai Petroleum and Gas Exchange.

To remind, Shell has last year signed a deal to deliver carbon-neutral LNG cargoes to GS Energy and Tokyo Gas.

The LNG giant also supplied a carbon-neutral LNG cargo to Taiwan’s CPC Corporation earlier this year.

Most Popular

LNG Terminals

TotalEnergies to transfer Papua LNG operatorship to ExxonMobil

French energy giant TotalEnergies said on Monday that Papua LNG has achieved "major" contractual and commercial milestones, marking "decisive" steps towards a final investment decision. These include completing the EPC tendering process and transferring Papua LNG operatorship to US energy giant ExxonMobil, operator of the PNG LNG project.
LNG Terminals

Gasunie, Vopak plan fifth Gate LNG jetty

Dutch partners Gasunie and Vopak plan to build a fifth liquefied natural gas (LNG) jetty at their Gate terminal in the port of Rotterdam.
LNG Terminals

Pakistan set to receive Qatari LNG cargo

Pakistan is set to receive a liquefied natural gas (LNG) cargo from Qatar via the Strait of Hormuz, according to shipping data.

More News Like This

LNG Terminals

Peru LNG sent five shipments in August

Peru LNG’s liquefaction plant at Pampa Melchorita shipped five liquefied natural gas cargoes in July, the same as in the previous three months, according to shipment data by state-owned Perupetro.
Contracts and Tenders

Shell wraps up $16.5 billion ARC acquisition

UK-based LNG giant Shell has completed its previously announced acquisition of Canadian gas producer ARC Resources for $16.5 billion, including debt, after receiving all required shareholder, court, and regulatory approvals.
Contracts and Tenders

Wison strengthens its FLNG offering with Shell deal

Chinese FLNG builder Wison New Energies has signed a collaboration agreement to integrate Shell’s liquefaction technology into its floating...
Corporate

Shell, partners take FID on new project to deliver more gas to Egypt

Egypt, which has turned to LNG imports over the last two years to cover domestic natural gas shortages, will receive more much-needed gas supplies after UK-based LNG giant Shell and its partners took a final investment decision on the Phase 12a development project in the West Delta Deep Marine (WDDM) concession.