You are here

World’s first carbon neutral LNG SPA

July 12, 2021

World’s first carbon neutral LNG SPA

PetroChina received its first carbon-neutral LNG cargo at Dalian port in China, under the first long term SPA for carbon-neutral LNG supply recently signed with Shell. For each cargo delivered under this agreement the parties will cooperate to offset the life-cycle CO2e emissions generated across the LNG value chain, using high-quality carbon credits from nature-based projects. The carbon credits for the delivered cargo come from Shell’s global portfolio of emission reduction projects, that protect and enhance forests in China and other parts of the world.

Edited from Shell press release