Temasek-owned Pavilion Energy said it has imported a carbon-neutral LNG cargo into Singapore.
The company said it is a milestone first import of the kind for Pavilion Energy and 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) – 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.
Frédéric Barnaud , Group CEO of Pavilion Energy, said, “This carbon neutral cargo is another important milestone for Pavilion Energy in our ambition to provide cleaner energy and develop our carbon trading activities. 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.”