PETRONAS has delivered its first carbon LNG cargo from Bintulu’s PETRONAS LNG Complex (PLC) to the Sakaide LNG terminal on Japan’s Shikoku Island, says LNG Industry.
Renewable-based carbon credits
Petronas has used renewable-based carbon credits to offset the LNG cargo’s estimated lifespan carbon footprint.
PETRONAS obtained these carbon credits through a rigorous verification process under the Verified Carbon Standard program, which is internationally recognized and widely used by energy companies.
PETRONAS President & Group Chief Executive Officer, Tengku Muhammad Taufik said, “Reflecting our support of the energy transition and in line with our Statement of Purpose, PETRONAS will continue diversifying our products and offerings to the market, while transforming ourselves to be a cleaner and more sustainable energy provider.
“We are grateful to have collaborated with Shikoku Electric on the delivery of our very first carbon neutral LNG cargo that coincides with the date of our 47th anniversary. For PETRONAS, this is a significant milestone as we forge ahead to deliver cleaner energy solutions that fuel progress in a responsible manner,” he added.
Watch on Carbon Footprints
Commenting on the delivery, President of Shikoku Electric, Keisuke Nagai said, “We have a good relationship with PETRONAS for the past 15 years. We are delighted that PETRONAS has embarked on this journey which marks a significant milestone as the LNG industry is transitioning towards a more sustainable future.”
Carbon neutral LNG is considered in the LNG sector as a driver for higher carbon pledges, and more LNG buyers are looking for ways of reducing their carbon footprint.
In addition, PETRONAS minimizes the carbon footprint of the entire LNG and gas value chain beyond the maiden carbon-neutral LNG shipment. These initiatives to reduce carbon include powering the PLC, which is 90 MW hydropower, recovering flares, and capturing and storing carbon from offshore gas sources.
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Source: LNG Industry