Taiwan this week accepted its first carbon neutral shipment of liquified natural gas (LNG).
State-owned CPC Corporation, a natural gas, and gasoline company in Taiwan announced receipt of the 64,000 ton cargo at the Yung-An LNG Receiving Terminal in Kaohsiung, southern Taiwan, on Thursday as part of what is an ongoing deal between CPC and the Singapore-based Shell Eastern Trading Pvt. Ltd.
CPC highlighted the deal, saying it signifies its “commitment to reducing carbon emissions and promoting sustainable business practices” adding “by contributing to the long-term national greenhouse gas discharge reduction goal – slashing emissions to no more than 50 per cent of the 2005, level by 2050 – the shipment will also help transform Taiwan into a low carbon emission homeland”
The shipment will provide power to almost 150,000 Taiwanese homes for around 12 months, although it is expected to produce almost one quarter of a million tons of carbon emissions.
Addressing this, CPC went on to say that “Extraction of the LNG and delivery to end-users are expected to generate 240,000 metric tons of carbon emissions”, (something) CPC is planning to offset by “using nature-based, independently verified credits purchased from various international ecosystem restoration initiatives supported by the U.N. REDD Programme”.
According to Shell, the shipment to Taiwan is the third carbon-neutral LNG delivery after shipments to Japan and South Korea last year.
Vice President Shell LNG Marketing & Trading, Slavko Preočanin said “We are very happy to be partnering with CPC to further extend our carbon neutral LNG offer, Using nature-based offsets in conjunction with LNG will help CPC to address their own emissions today and support the needs of their end customers looking to de-carbonise their energy use.”