Anglo-Dutch energy giant Shell said it has supplied the second carbon-neutral LNG cargo to Taiwan’s CPC Corporation.
The 137,500-cbm LNG Bayelsa arrived on Wednesday at CPC’s Yung-An LNG import terminal in Kaohsiung.
Additionally, the 2003-built vessel delivered the cargo from the Nigeria LNG export plant where Shell holds a stake.
Shell said in a statement the cargo would provide enough carbon-neutral LNG to power over 100,000 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.
Credits used for this deal come from the Ghana afforestation project and Katingan Peatland restoration and conservation project in Indonesia.
The nature-based carbon credits also come from the Cordillera Azul National Park project in Peru, Shell said.
Demand for carbon-neutral LNG cargoes grows
Shell delivered the first cargo-neutral LNG cargo to CPC in March this year.
Furthermore, the firm has last year signed a deal to deliver carbon-neutral LNG cargoes to GS Energy and Tokyo Gas.
In June this year, Shell also signed a deal to supply such cargoes to China’s CNOOC Gas & Power Group.
“It is great to see the increasing demand for carbon-neutral LNG across the industry,” Steve Hill, executive VP at Shell Energy said.
“For gas and LNG to play their full role in the energy transition, the industry needs to take action today. Using nature-based carbon credits to compensate for emissions that cannot be avoided or reduced, is an important step as we find more ways to reduce emissions across the LNG value chain,” Hill said.
