China buys two carbon-neutral LNG cargoes

June 22, 2020

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CNOOC, has agreed to buy two LNG cargoes with offset carbon emissions from Shell.  CNOOC and Shell will use carbon credits won in projects in China’s northwest Xinjiang and Qinghai region to offset the carbon emissions involved in producing and consuming the two gas cargoes. CNOOC will auction the two cargoes at the Shanghai Petroleum and Gas Exchange.

Edited from Shell’s press release