U.S. LNG Industry to Go Carbon Neutral
- May 12, 2021 6:18 am GMTMay 12, 2021 6:15 am GMT
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Cheniere, one of the leading U.S. LNG companies, announced its first “carbon neutral shipment” to Europe this week after a tanker left Cheniere’s Sabine Pass export terminal in Louisiana and travelled across the Atlantic to supply Shell as part of the two companies’ long-term LNG contract.
Unlike a standard LNG cargo, Cheniere’s “carbon neutral” shipment was made possible as a result of purchasing Shell’s carbon offsets from its nature-based portfolio. The calculated greenhouse gas emissions from Cheniere’s cargo – considering the entire LNG value chain – were traded with Shell’s extra “carbon credits” – a result of the company’s investments in natural solutions to capture CO2.