Chevron U.S.A. Inc. delivered its first shipment of offset-paired LNG cargo safely from the Gorgon Project off the coast of western Australia, a press release announced on Sept. 29.
The greenhouse gas emissions for the cargo will be fully offset "via the retirement of high-quality, nature-based and energy efficiency offsets in Cambodia, Indonesia and Nepal," the company stated.
Along with Pavilion Energy Trading & Supply and QatarEnergy, Chevron U.S.A. jointly developed a quantification and reporting methodology in November 2021 that was used to calculate the company's Scope 1 and 2 emissions. PACE Global report for regas and distribution was used to calculate the Scope 3 emissions.
“Chevron’s first full lifecycle emissions offset cargo advances our net zero ambitions and represents a significant milestone in Chevron’s relationship with CPC Corp. Taiwan,” John Kuehn, president of Chevron Supply and Trading, a division of Chevron U.S.A., commented in the release.
Through the surrender of certified offsets from Verra, a nonprofit organization that operates the world’s leading carbon crediting program, the emissions will be fully offset, particularly the Katingan Peatland Restoration and Conservation Project, the Southern Cardamom REDD+ Project and the Energy Efficient Cooking Solution.
“We share the view that the future of energy is lower carbon and expect this offset-paired cargo to be the first of many as we leverage our capabilities, assets, and customer relationships to deliver energy solutions to a growing world,” Kuehn added.
Chevron U.S.A., a subsidiary of Chevron Corp., is focused on lowering carbon intensity at its operations, as well as growing lower carbon businesses.
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