Sunday, July 14, 2024
HomeLNGGazprom completes first-ever carbon-neutral LNG delivery to Shell

Gazprom completes first-ever carbon-neutral LNG delivery to Shell

Russia’s gas giant Gazprom Group delivered the first carbon-neutral cargo of Liquified Natural Gas (LNG) in the Atlantic Basin. The cargo of Russian origin LNG was delivered to British-Dutch multinational oil and gas company Royal Dutch Shell at the Dragon terminal in the United Kingdom by Gazprom Global LNG.

Under the carbon-neutral arrangements, Gazprom and Shell in partnership offset the carbon footprint of the cargo with Verified Carbon Standards (VCS) and Climate, Community and Biodiversity (CCH) emission certificates. Nature-based carbon credits have been used and will be retired. This allowed the LNG delivered within the deal to achieve full carbon neutrality through offsetting all emissions that arise across the full well to wheel cycle, from exploration and production through to transportation and end-use.

“This deal, first-ever for Gazprom Group of the kind, closed together with our longterm partner Shell confirms once again the ability of the gas industry to contribute to achieving climate goals,” said Elena Burmistrova, Deputy Chairman of Gazprom’s Management Committee and Director General of Gazprom Export. “Natural gas is the cleanest fossil fuel in terms of emissions. Through the  additional efforts to decrease emissions along with the broad activity aimed at offsetting the impact for environment natural gas will remain a key element of global energy for decades ahead.”

“We are grateful to Gazprom for partnering with us in delivering the first carbon-neutral LNG cargo in Europe,” added Steve Hill, Executive Vice President of Shell Energy. “We have delivered seven carbon-neutral cargoes in Asia and are very excited to be able to now offer this to customers in the UK. Carbon neutral LNG cargoes are another choice we are offering our customers as they seek to reduce their net carbon footprint well to wheel and also offer the same choice to their end customers. Using nature-based carbon credits to compensate for emissions that cannot be avoided or reduced, is an important step as we find more ways to reduce emissions across the LNG value chain.”

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