Vitol launches Green LNG offering
March 1, 2021
With the goal to mitigate carbon emissions, Vitol started offering a Green LNG product to its LNG customers. All LNG customers will be offered the opportunity of converting LNG cargoes to Green LNG through offsets. The emissions associated with LNG cargoes, from wellhead to DES delivery, will be offset through the Verified Emissions Reductions (VER) carbon offset certificates sourced from Vitol’s existing portfolio and the wider market. These certificates will be issued by UN Clean Development Mechanism, Verified Carbon Standard (VERRA), Gold Standard, American Carbon Registry, China Green House Gas Voluntary Emission Reduction Programme or Climate Action Reserve.
Edited from Vitol press release