LNG cargo carbon offsetting starts to draw a crowd

Liquefied natural gas suppliers are starting to make some serious noise about so-called carbon-neutral LNG cargoes.

Cargoes are marketed as carbon neutral when their greenhouse gas (GHG) emissions for the entire supply chain — expressed in CO2 equivalents (CO2e) — are offset by credits bought from carbon-removal projects.

In her presentation at BP Week this week, Carol Howle, who is the UK energy giant’s executive vice president for trading and shipping, said the company is working on developing a carbon-neutral LNG offering, which will bundle physical gas with carbon offsets from BP’s own low-carbon production.