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

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.

- Advertisements -

Most Popular

DSME cancels third LNG carrier order linked to Sovcomflot

South Korean shipbuilding giant Daewoo Shipbuilding and Marine Engineering has terminated an order for another LNG carrier after a...

Woodside delivers Australian LNG cargo to Germany’s Uniper via Dutch Gate terminal

LNG player Woodside said it had delivered an LNG cargo from its North West Shelf project in Australia to...

Greece’s Motor Oil nears FID on Dioriga Gas FSRU

Greece’s Motor Oil is planning to decide on its Dioriga Gas FSRU project near Corinth by the end of...

More News Like This

GSI delivers another LNG-fueled tanker to Bocomm Leasing

China’s Bank of Communications Financial Leasing Co (Bocomm Leasing) has taken delivery of another LNG-powered tanker which will go...

Croatia’s Krk LNG terminal gets 47th shipment

Croatia's FSRU-based Krk LNG import facility, operated by state-owned LNG Croatia, has received the 47th LNG cargo since January...

DSIC kicks of work on LNG-powered CO2 carriers for Northern Lights JV

China’s Dalian Shipbuilding Industry (DSIC) has started building two LNG-powered CO2 carriers for Norway’s Northern Lights, a joint venture...

SWS hands over fourth LNG-powered tanker to Bocomm Leasing

China’s Bank of Communications Financial Leasing Co (Bocomm Leasing) has taken delivery of another LNG-powered tanker that will serve...