Pavilion Energy has imported a carbon neutral liquefied natural gas (LNG) cargo into Singapore – the first for the Southeast Asian city state and Pavilion Energy.
“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 its portfolio of carbon offset projects,” said Pavilion in a statement.
Assuming an average LNG cargo size of 70,000 tonnes, the ‘well-to-tank’ emissions is approximately 60,000 tonnes of carbon dioxide equivalent (CO2e), added the company.
“The carbon credits used for the offset are from Natural Climate Solutions projects certified under the Verified Carbon Standard (VCS) and Climate, Community and Biodiversity Standard (CCB) – Evio Kuinaji Ese’Eja Cuana in Peru and Liangdu Afforestation in China. Both projects are designed for the protection and restoration of forests, and promote co-benefits through supporting local communities and protecting biodiversity,” said Pavilion.
“This carbon neutral cargo is another important milestone for Pavilion Energy in our ambition to provide cleaner energy and develop our carbon trading activities. 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,” said Pavilion chief executive Frédéric H. Barnaud.