Chevron concludes first shipment of offset-paired LNG cargo
Chevron U.S.A. Inc., a subsidiary of integrated energy company Chevron, has delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo from the Gorgon project off Western Australia.
Chevron said that greenhouse gas (GHG) emissions for the cargo will be fully offset via the retirement of high-quality nature-based and energy efficiency offsets in Cambodia, Indonesia and Nepal.
For this cargo, Chevron’s Scope 1 and 2 emissions (emissions from upstream production, transportation, liquefaction and shipping) were calculated based on methodology jointly developed by Chevron, Pavilion Energy Trading & Supply Pte. Ltd. and QatarEnergy in 2021.
Scope 3 emissions were calculated based on the PACE Global report for regas and distribution and IPCC 2006 emission factor for combustion.
The emissions will be fully offset via the surrender of Verra-certified offsets, namely the Katingan Peatland Restoration and Conservation project in Indonesia, the Southern Cardamom REDD+ project in Cambodia and the Energy Efficient Cooking Solution in Nepal.
According to John Kuehn, president of Chevron Supply and Trading, a division of Chevron U.S.A. Inc., the company’s first full lifecycle emissions offset cargo advances its net-zero ambitions and represents a significant milestone in its relationship with CPC Corporation, Taiwan.
“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”, Kuehn concludes.