Chevron USA Inc., a subsidiary of integrated energy company Chevron, has delivered its first cargo of offset liquefied natural gas (LNG) from the Gorgon project offshore Western Australia.
Chevron said that greenhouse gas (GHG) emissions for cargo will be fully offset by withdrawing high-quality nature-based and energy-efficient offsets in Cambodia, Indonesia and Nepal.
For this cargo, Chevron’s Scope 1 and 2 emissions (emissions from upstream production, transportation, liquefaction and shipping) were calculated based on a methodology jointly developed by Chevron, Pavilion Energy Trading & Supply Pte. ltd. and QatarEnergy in 2021.
Scope 3 emissions were calculated based on the PACE Global report for regas and distribution and the IPCC 2006 emission factor for combustion.
Emissions will be fully offset through the return of Verra-certified offsets, namely the Katingan Peatland Restoration and Conservation Project in Indonesia, the Cardamom South REDD+ project in Cambodia and the Energy efficient cooking solution in Nepal.
According John KuhnPresident of Chevron Supply and Trading, a division of Chevron USA Inc., the company’s first full lifecycle emissions offset cargo is advancing its net zero ambitions and represents a milestone in its relationship with CPC Corporation, Taiwan.
“We share the view that the future of energy is low carbon and expect this offset cargo to be the first of many as we leverage our capabilities, our assets and our relationships with our customers to provide energy solutions to a growing world”concludes Kuehn.
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