BP to Deliver Its First Carbon-Offset Liquefied-Natural-Gas Cargo
16 July 2021 - 4:25PM
Dow Jones News
By Anthony O. Goriainoff
BP PLC said late Thursday that it has agreed with Sempra LNG LLC
and Mexico's Infraestructura Energetica Nova SAB de CV to enter
into a contract for the delivery and receipt of the companies'
first carbon-offset liquefied-natural-gas cargo.
The London-listed oil giant said the cargo is expected to be
delivered to the Energia Costa Azul terminal in Mexico on Friday,
and will be sourced from BP's global LNG portfolio. The estimated
emissions of the LNG cargo will be offset using carbon credits
sourced from a forest-creation project in Mexico.
The Energia Costa Azul Liquefaction project is a joint venture
between Sempra and IEnova, and is located in the state of Baja
California.
The energy company said that this was the first delivery under
its new offer and Sempra LNG's first carbon-offset LNG cargo import
to Mexico.
"This new offer further demonstrates our determination to remain
one of the world's leading and most innovative LNG suppliers. 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," the company said.
Write to Anthony O. Goriainoff at
anthony.orunagoriainoff@dowjones.com
(END) Dow Jones Newswires
July 16, 2021 02:25 ET (06:25 GMT)
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