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

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

Sempra takes FID on Port Arthur LNG project

US LNG player Sempra Infrastructure, a unit of Sempra, has taken a final investment decision for the first phase...

RWE: Brunsbuettel FSRU to start supplying gas to grid next week

German energy firm RWE expects the 170,000-cbm FSRU Hoegh Gannet, which serves the Elbehafen LNG import terminal in Brunsbuettel,...

More News Like This

India’s GAIL and Shell ink LNG pact

India’s largest gas utility GAIL and LNG giant Shell are joining forces to collaborate in various fields, including LNG...

Peru LNG sent five cargoes in February

LNG exports from Peru's sole liquefaction plant remained steady in February with five cargoes leaving the facility at Pampa...

Shell teams up with Victrol and Sogestran for another LNG bunkering barge

LNG giant Shell has joined forces with a joint venture consisting of Belgium’s Victrol and French Sogestran to build...

GSI delivers two LNG-powered tankers

China’s Guangzhou Shipyard International (GSI) has delivered LNG-powered tankers to a joint venture of Singapore’s Hafnia and CSSC Shipping,...