Vitol to offer “green” LNG cargoes

Energy trader Vitol said it has launched a new product named “Green LNG” for its liquefied natural gas customers looking to mitigate carbon emissions.

The Geneva-based firm aims to offer all of its LNG customers the opportunity of converting cargoes to “Green LNG” through offsets.

This means offsetting all emissions associated with the cargo, from wellhead to DES delivery, through the cancellation of verified emissions reductions (VERs).

VERs represent carbon offset certificates. Several authorities such as UN Clean Development Mechanism, Verified Carbon Standard, and Gold Standard issue and verify these certificates, according to Vitol.

These also include American Carbon Registry, China Green House Gas Voluntary Emission Reduction Programme or Climate Action Reserve, it said.

Furthermore, Wood Mackenzie would calculate the emissions via its LNG Emissions Tool, which estimates carbon emissions from wellhead to market, Vitol said.

The firm added that it would source VERs from its existing portfolio and the wider market.

Most Popular

GTT develops new LNG fuel tank

French LNG containment giant GTT has developed a new cubic-shaped LNG fuel tank for commercial vessels, with a particular focus on LNG-fueled container vessels.

Monkey Island LNG pens offtake MoU

Houston-based Monkey Island LNG, the developer of a 26 mtpa liquefaction and export facility in Cameron Parish, Louisiana, said it had signed a memorandum of understanding with an unidentified international oil company for the offtake of LNG.

Woodside secures final approval for NWS extension project

Australian LNG player Woodside and its partners in the North West Shelf joint venture have secured the final approval from the Australian government for the North West Shelf project extension.

More News Like This

Argentina’s Enarsa receives five offers for latest LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received five offers for its fourth LNG cargo tender in 2025.

GAIL, Vitol finalize 10-year LNG supply deal

India’s largest gas utility, GAIL, has finalized its previously announced long-term deal to buy liquefied natural gas (LNG) from energy trader Vitol.

Argentina’s Enarsa gets offers for new LNG cargo tender

Argentina's state-owned LNG importer Energia Argentina (Enarsa) has received six offers for its third LNG cargo tender in 2025.

Oman LNG inks supply deal with Vitol

State-owned producer Oman LNG has signed a sales and purchase agreement with energy trader Vitol.