Shell Inks Carbon-neutral LNG Agreement

830

Anglo-Dutch supermajor Shell and Oman LNG have signed an agreement to deliver the Sultanate’s first carbon-neutral LNG cargo from Oman LNG’s facility in Qalhat, near Sur, reports Nasdaq.

First carbon-neutral LNG

“The cargo is the first carbon-neutral LNG from the Middle East using nature-based carbon credits to offset full lifecycle CO2 emissions generated across the LNG value chain,” Oman LNG said.

LNG joint venture 

Oman LNG is a joint venture (JV) between the government of Oman 51%, Shell 30%, Total 5.54%, KOLNG 5%, Partex 2%, Mitsubishi 2.77%, Mitsui 2.77% and Itochu 0.92%.

The JV operates a three-train liquefaction plant in Qalhat with a nameplate capacity of 10.4m tonnes per year.

Shell’s first carbon-neutral LNG cargo

In March this year, Shell delivered the first ever carbon-neutral LNG cargo in Europe. The cargo was unloaded at the Dragon LNG terminal in Wales and should enable Shell to supply further carbon neutral gas to the UK domestic market.

Did you subscribe to our daily newsletter?

It’s Free! Click here to Subscribe!

Source: Nasdaq