Pavilion Energy has imported a carbon neutral LNG cargo into Singapore, which is the first for Singapore.
Carbon emissions associated with the LNG cargo from well-to-tank including the extraction, production, transportation, and regasification will be offset by retiring a corresponding amount of high-quality carbon credits sourced from its portfolio of carbon offset projects.
The carbon credits used for the offset are from Natural Climate Solutions projects certified under the Verified Carbon Standard (VCS) and Climate, Community and Biodiversity Standard (CCB). Both projects are designed for the protection and restoration of forests, and promote co-benefits through supporting local communities and protecting biodiversity.
Mr Frédéric H. Barnaud, Group CEO of Pavilion Energy, stated on the occasion:
This carbon neutral cargo is another important milestone for Pavilion Energy in our ambition to provide cleaner energy and develop our carbon trading activities
What is more, Pavilion signed a long-term contract with Chevron Corp earlier this year and one with Qatar Petroleum Trading late last year requesting the cargoes be accompanied by statements of greenhouse gas emissions (GHG) measured from wellhead to discharge port.
