US supermajor Chevron has delivered its first offset-paired liquefied natural gas cargo; the shipment was delivered to CPC's terminal at Kaohsiung, Taiwan.
Greenhouse gas emissions for the cargo, which was delivered from Chevron’s Gorgon LNG project in Australia, will be fully offset via the retirement of high-quality nature-based and energy efficiency offsets in Cambodia, Indonesia and Nepal.
“Chevron’s first full lifecycle emissions offset cargo advances our net zero ambitions and represents a significant milestone in Chevron’s relationship with CPC Corporation, Taiwan,” said John Kuehn, president of Chevron Supply & Trading.
“We share the view that the future of energy is lower carbon and expect this offset-paired cargo to be the first of many as we leverage our capabilities, assets and customer relationships to deliver energy solutions to a growing world.”
For this cargo, Chevron’s Scope 1 and 2 emissions were calculated based on methodology jointly developed last year by Chevron, Singapore’s Pavilion Energy and QatarEnergy in 2021, with Scope 3 emissions calculated based on PACE Global report for regasification and distribution and the IPCC 2006 emission factor for combustion.
The emissions will be fully offset via the surrender of Verra certified offsets from the Katingan peatland restoration and conservation project in Indonesia, the Southern Cardamom REDD+ project in Cambodia and the energy efficient cooking solution in Nepal.
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