Chevron Delivers First Offset-Paired LNG Cargo

Source: www.gulfoilandgas.com 9/29/2022, Location: North America

Chevron Corporation (CVX) announced that its subsidiary, Chevron U.S.A. Inc. (Singapore Branch) (Chevron), has safely delivered its first shipment of offset-paired liquefied natural gas (LNG) cargo.

Greenhouse gas emissions for the cargo, from the Gorgon Project off the northwest coast of Western 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 and Trading, a division of Chevron U.S.A. Inc.

“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 (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, with Scope 3 emissions calculated based on PACE Global report1 for regas and distribution and IPCC 2006 emission factor2 for combustion.

The emissions will be fully offset via the surrender of Verra3 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.


United States >>  11/28/2022 - Braskem (BRKM3) the largest polyolefins producer in the Americas, as well as a market leader and pioneer producer of biopolymers on an industrial scal...
Italy >>  11/25/2022 - Eni and BF have signed a collaboration agreement to evaluate the development of crops for energy use in Italy, recovering degraded, abandoned or pollu...

China >>  11/24/2022 - The Hongqiao International Opening-up Hub is becoming an important staging post for allocating high-end global resources and a bridge linking internat...
Egypt >>  11/24/2022 - The 27th Conference of the Parties of the UNFCCC (COP27) concluded successfully in Sharm EI-Sheikh, Egypt, on November 20. During this year's conferen...

Egypt >>  11/24/2022 - COP27 in Sharm El-Sheikh, Egypt has come to an end and Minesto concludes the participation in the Swedish business delegation as both rewarding and va...
Egypt >>  11/22/2022 - COP27 was deemed the ‘implementation COP’ – the COP that would take us from ambition to action. With this weekend’s outcome, you’ll have to decide if ...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.