Pavilion Energy Trading & Supply Pte. Ltd. (Pavilion Energy) on Thursday (15 April) said it imported a carbon neutral (liquified natural gas) LNG cargo into Singapore – the first for Singapore and Pavilion Energy.
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) – Evio Kuinaji Ese’Eja Cuana in Peru and Liangdu Afforestation in China.
Both projects are designed for the protection and restoration of forests, and promote co-benefits through supporting local communities and protecting biodiversity.
“This carbon neutral cargo is another important milestone for Pavilion Energy in our ambition to provide cleaner energy and develop our carbon trading activities,” Frédéric H. Barnaud, Group CEO of Pavilion Energy.
“Our aim is to support our customers in their transition towards a lower carbon future with solutions to meet their climate targets and potential regulatory requirements.
Pavilion Energy is currently one of three LNG bunker suppliers in Singapore along with FueLNG Pte Ltd and Total Marine Fuels.
Related: Pavilion Energy and Gasum to develop global LNG bunker supply network
Photo credit: Pavilion Energy
Published: 16 April, 2021
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