Pavilion Energy has imported a so-called carbon-neutral liquefied natural gas cargo into Singapore — the first for both the company and the city state.
Carbon emissions associated with the LNG cargo from well to tank including the extraction, production, transportation and regasification will be offset by retiring a corresponding amount of high-quality carbon credits sourced from Pavilion’s portfolio of carbon offset projects, the Singaporean player said.
Assuming an average LNG cargo size of 70,000 tonnes, the well-to-tank emissions are approximately 60,000 tonnes of carbon dioxide equivalent, Pavilion said.
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The carbon credits used for the offset are from Natural Climate Solutions projects certified under the Verified Carbon Standard and Climate, Community & Biodiversity Standard — Evio Kuinaji Ese’Eja Cuana in Peru and Liangdu afforestation in China.
Both projects are designed for the protection and restoration of forests and are said to promote co-benefits through supporting local communities and protecting biodiversity.
“This carbon neutral cargo is another important milestone for Pavilion Energy in our ambition to provide cleaner energy and develop our carbon trading activities,” said chief executive Frederic Barnaud.
“Our aim is to support our customers in their transition towards a lower carbon future with solutions to meet their climate targets and potential regulatory requirements.”
The Evio Kuinaji Ese’Eja Cuana (Infierno) project works to protect 7750 hectares of forest in the Peruvian Amazon through engagement with the local indigenous community of Infierno.
As well as contributing to the well-being of the Infierno native community, it also protects critical habitats for hundreds of unique species the endangered black caiman, giant otter and harpy eagle.
The Liangdu afforestation project in China’s Guizhou project involves the planting of native species on 23,720 hectares of barren land.
This project not only provides employment for the local communities, it also protects endangered or vulnerable species such as the Francois leaf monkey, Pavilion said.