bp Singapore has announced it has delivered its first carbon offset liquefied natural gas (LNG) cargo to the Yung An terminal in Taiwan.
This is bp’s first delivery of carbon offset LNG in the Asia-Pacific region, following its first delivery globally to Sempra LNG at the Energia Costa Azul terminal in Mexico in July.
This new carbon offset LNG offer strengthens bp’s natural gas offering in the region.
Carbon dioxide (CO2) and methane (CH4) emissions associated with the LNG cargo, from wellhead to discharge terminal for the specific source and voyage, were estimated using bp’s GHG quantification methodology for LNG.
Global demand for LNG is growing rapidly. bp intends to continue supporting this growth by diversifying its offer, including by developing bundled carbon offset LNG products to meet customers’ demand.
Carol Howle, EVP of bp trading & 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.”
Jonty Shepard, VP of LNG trading and origination, bp trading & shipping, added: “bp continuously seeks ways to offer new energy solutions to LNG customers. bp is pleased to strengthen our long-standing relationship with CPC with this delivery of carbon offset LNG from bp’s diverse portfolio of LNG sources, quantifying the carbon intensity associated with the LNG supply from wellhead to discharge terminal and then offsetting those emissions.”
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