Chevron and partners to report GHG of LNG cargoes
SUMMARY
Methodology will be applied to cargoes under SPAs with Pavilion Energy and QatarEnergy
By Dale LunanPOSTED IN:
The Singapore branch of US major Chevron said December 28 it had joined with Singapore’s Pavilion Energy Trading & Supply and QatarEnergy to publish a quantification and reporting methodology that will produce a statement of greenhouse gas (GHG) emissions associated with delivered cargoes of LNG.
The methodology will be applied to sales and purchase agreements (SPAs) executed by Pavilion Energy with QatarEnergy and Chevron. Intended for wide adoption, it provides a calculation and reporting framework for GHG emissions from wellhead to discharge terminal, based on industry standards.
The methodology was developed by technical specialists from all three companies, supported by global sustainability consultancy Environmental Resources Management. It aims to create a common standard for the measurement, reporting and verification of the GHG emissions associated with producing and delivering an LNG cargo to drive greater transparency and enable stronger action on GHG reduction measures.
“We share a common and decisive vision with QatarEnergy and Chevron to advocate for transparency and accuracy of GHG emissions associated with delivered LNG cargoes,” said Alan Heng, interim group CEO of Pavilion Energy. “The methodology sets a strong tone for increased accountability of emissions along the LNG value chain, paving the way for more decarbonisation strategies towards a lower carbon future.”
