Tuesday, October 20, 2020

French Oil & Gas Major, Total, Delivers First ‘Carbon Neutral’ LNG Cargo

 From gCaptain:

French energy giant Total says it has delivered its first carbon neutral liquefied natural gas cargo to China.

The loading operation was carried out at the Ichthys liquefaction plant in Australia, and the shipment was delivered to Chinese National Offshore Oil Corporation (CNOOC) at the Dapeng terminal in China on September 29.

The carbon neutrality of the LNG shipment was achieved through offsets using “Verified Carbon Standards” emissions certificates financing two projects: the Hebei Guyuan Wind Power Project in northern China and the Kariba REDD+ Forest Protection Project in Zimbabwe.

The term “carbon neutral” means that Total and CNOOC offset the amount of carbon dioxide equivalent associated with the whole carbon footprint of the LNG cargo, including the production, liquefaction, shipping, regasification, and end-use through VCS certified emission reduction projects....