Oil major bp announced it has realized its first delivery of carbon offset LNG cargo to the Energía Costa Azul (ECA) terminal in Mexico on 16 July, in cooperation with North American Sempra LNG and Mexican IEnova.
CO2 and methane (CH4) emissions associated with the LNG cargo, from wellhead to discharge terminal, were estimated using bp’s GHG quantification methodology for LNG. The methodology has been developed following relevant international standards and may be updated from time to time.
These estimated emissions will be offset by retiring a corresponding amount of carbon credits, sourced from a Mexican afforestation project from bp’s vetted portfolio of offsets on behalf of Sempra LNG.
Natural gas has a key role to play in getting the world to net zero…The development and continuous improvement of a clear and reliable methodology for quantifying the carbon intensity of our LNG supply chain is an important step in helping our customers deliver their sustainability goals and supports our ambition to help the world get to net zero,
…noted Carol Howle, EVP of trading & shipping.
The move is in line with bp’s GHG reductions targets for 2030 in support of its ambition to be a net zero company by 2050 or sooner and to help the world get to net zero. The company said it does not intend to rely on carbon credits to meet its 2030 aims.
Delivering carbon offset LNG is an important part of meeting growing global energy demand,
…said Sharon Weintraub, SVP, gas and power trading international at bp.
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Meanwhile, Sempra LNG has established a goal to operate its existing LNG infrastructure at a GHG emissions intensity 20% less than its 2020 baseline and expects to establish additional goals by 2025. Sempra LNG and IEnova are currently constructing liquefaction facilities that will be located adjacent to ECA.