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China's CNOOC buys two carbon-neutral LNG cargoes from Shell

China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of LNG with offset carbon emissions, marking China’s first gas imports of this kind, said the Shanghai Oil and Gas Exchange.

CNOOC and Shell will use carbon credits won in projects in China’s northwest Xinjiang and Qinghai region to offset the carbon emissions involved in producing and consuming the two gas cargoes, the exchange said in a statement on Sunday.

CNOOC will auction the two cargoes at the Shanghai exchange. The statement did not provide further details.

Shell in June last year supplied what it said was the world’s first “carbon neutral” LNG cargoes to Japan’s Tokyo Gas and South Korea’s GS Energy. It also supplied a similar cargo to Taiwan’s CPC Corp earlier this year.

Carbon neutral LNG typically involves companies supporting nature-based projects that reduce emissions to offset those generated from exploration and production activities. (Reporting by Chen Aizhu and Jessica Jaganathan; Editing by Tom Hogue)


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GasPro 2.0: A Webcast Symposium

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Following the successful GasPro Webcast Symposium in October 2019, the third GasPro Webcast Symposium will take place on October 21, 2020.

The 2019 webcast drew attendees from around the world, with more than 80% of the audience working in company management or engineering divisions.

The 2020 web event will gather experts in the fields of LNG, gas processing and process safety to share market, operations and engineering technology and trends with our audience.

Attendees of the 2020 webcast will learn about market solutions and technology deployments in a number of areas: LNG delivery infrastructure, small-scale desulfurization for NGL, H2S removal for gas treating, process safety for safety instrumented systems, small-scale LNG project design, and advances in freeze component removal for LNG.

October 21, 2020 08:30 AM CDT

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