BP has delivered its first liquefied natural gas cargo in the Asia-Pacific region under the UK supermajor’s new carbon offset LNG offer.‎

BP estimated the greenhouse gas emissions from wellhead to discharge ‎terminal associated with the specific source and voyage for the LNG cargo, using ‎its own quantification methodology.‎

The credits that will be retired for this carbon offset LNG cargo are from the company’s ‎carbon trading portfolio.

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BP Singapore on Monday confirmed it had delivered its first carbon offset LNG cargo to Taiwan’s CPC. The cargo, which was shipped to Yung An terminal earlier this month, was sourced ‎from BP’s LNG portfolio.‎

This is the company’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.

Carbon dioxide and methane emissions associated with the LNG cargo, ‎from wellhead to discharge terminal for the specific source and voyage, were ‎estimated using BP’s greenhouse gas quantification methodology for LNG.

The methodology has ‎been developed having regard to relevant international standards and incorporating ‎input from third party experts including energy consultancy Wood Mackenzie.

Global demand for LNG is growing rapidly and BP said it intends to continue supporting this ‎growth by diversifying its offer, 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 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.”

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 — if not before — ‎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.‎

“BP ‎continuously seeks ways to offer new energy solutions to LNG customers [and] is ‎pleased to strengthen our long-standing relationship with CPC with this delivery of ‎carbon offset LNG from our diverse portfolio of LNG sources, quantifying the carbon ‎intensity associated with the LNG supply from wellhead to discharge terminal and ‎then offsetting those emissions,” said ‎Jonty Shepard, vice president of LNG trading and origination, BP trading and shipping.