BP delivers first carbon offset LNG cargo in Asia-Pacific region
BP Singapore, a subsidiary of energy giant BP, has completed the delivery of its first carbon offset liquefied natural gas (LNG) cargo to CPC Corporation, Taiwan to the Yung An terminal in Taiwan.
According to BP, this is its maiden delivery of carbon offset LNG in the Asia-Pacific region. It follows the company’s first delivery globally in July 2021 to Sempra LNG at the Energia Costa Azul terminal in Mexico.
BP said that the emissions of carbon dioxide (CO2) and methane (CH4) associated with the LNG cargo, from wellhead to discharge terminal for the specific source and voyage, were estimated using the company’s GHG quantification methodology for LNG.
The company said that it plans to continue supporting the rapidly growing demand around the world for LNG by diversifying its offer, which will include developing bundled carbon offset LNG products to address the demands of customers.
Carol Howle — EVP of BP trading and shipping said: “Natural gas has a key role to play in getting the world to net zero. This new offer further demonstrates our determination to remain one of the world’s leading and most innovative LNG suppliers.
“The development of a clear and reliable methodology for quantifying the carbon intensity of our LNG supply chain is an important step in helping our customers deliver their sustainability goals and supports our ambition to help the world get to net zero.”