BP delivers carbon offset liquefied natural gas (LNG) cargo to CPC

BP Singapore has delivered its ‎first carbon offset liquefied natural gas (LNG) cargo to CPC Corporation, Taiwan to the Yung An terminal in Taiwan in September 2021, as its first delivery of carbon offset LNG in the Asia-Pacific region.

“Natural gas has a key role to play in ‎getting the world to net zero. This new offer further demonstrates our determination ‎to remain one of the world’s leading and most innovative LNG suppliers. The ‎development 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,” said Carol Howle, EVP of BP trading & shipping in a statement.

This shipment follows the company's first delivery globally to Sempra LNG at the Energia Costa Azul terminal in Mexico in July 2021. 

Global demand for natural gas has been growing rapidly. The company said in a statement that it intends to continue supporting this ‎growth by diversifying its offer which includes developing bundled carbon offset LNG ‎products to meet customers’ demand.

BP has set out specific greenhouse gas emission reductions and other ‎aims for 2030 in support of its ambition to be a net zero company by 2050. The company said it does not intend to rely on carbon credits to ‎meet its 2030 net zero aims.‎