BP Singapore Pte. Limited has successfully delivered a carbon offset liquefied natural gas (LNG) cargo to CPC Corporation, Taiwan. The LNG cargo arrived at the Yung An terminal in Taiwan in September.
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 2021.
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.
The methodology has been developed in line with relevant international standards and incorporating input from third-party experts including the Wood Mackenzie LNG Carbon Emissions Tool.
With global demand for LNG growing rapidly, bp intends to support this growth by diversifying its offering, including by developing bundled carbon offset LNG products to meet customers’ demand.
Carol Howle, Executive Vice President of bp trading and shipping, said natural gas has a key role to play in getting the world to net-zero.
“This new offering 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,” Howle said.
Jonty Shepard, Vice President of LNG trading and origination, bp trading and shipping, said 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,” he said.
More widely, bp has set out specific greenhouse gas emission reductions and other aims for 2030 in support of its ambition to be a net-zero company by 2050 or sooner and to help the world get to net-zero. The company does not intend to rely on carbon credits to meet its 2030 net-zero aims.
