CPC Corporation, Taiwan will Deliver LNG cargo for Eni

Eni has come to an agreement with CPC Corporation for delivery of carbon-neutral Liquefied Natural Gas, which is offset by nature-based credits

With maritime transport accounting for the annual production of around 940 million, it makes up around 2.5% of global greenhouse gas emissions. Although a small percentage, offsetting this source of carbon will increase the likelihood of overall net-zero emissions. Eni Energy has agreed on a delivery contract with CPC Corporation, a Taiwan shipping company, for its carbon-neutral liquefied natural gas (LNG).

Eni will source the LNG from the Bontang liquefaction terminal in Indonesia, which is support its contract with Eni Muara Bakau BV—an Eni-operated joint venture that oversees the operation of the Jangkrik gas field. The overall emissions of the LNG value chain will be offset through nature-based credits as a result of schemes, including two REDD+ projects certified by Verra**: Luangwa Community Forest project in Zambia and Kulera Landscape REDD+ project in Malawi. The emissions offset will span across gas production, transmission, liquefaction, shipping, regasification, distribution and end-use—allowing compliance to the internationally recognised PAS2060* standard for carbon-neutrality. 

Moving Forward with Energy Decarbonisation

Not only will this strategy add value to Eni’s LNG, but it will also provide a positive contribution to the decarbonisation of the supply chain. The long-term strategy for Eni is to achieve a fully carbon-neutral value chain for its products by 2050, which it will achieve through the incremental increase of its emissions targets—a 25% target by 2030 that will increase to 65% before 2040. These targets apply to emissions Scopes 1, 2 and 3. 

Eni will utilise a proprietary method to calculate the greenhouse gas emissions of the LNG cargo, which will follow a comprehensive approach that analyses the lifecycle, giving an emissions figure for each product sold. 

For more energy insights, check out the latest issue of Energy Digital Magazine.


Featured Articles

UK and US announce energy partnership

The agreement will work towards reducing global dependency on Russian energy exports, stabilising energy markets, and stepping up collaboration

Alfa Laval to supply world’s largest green hydrogen plant

The facility is being built in NEOM, the US$500bn futuristic city being developed in Saudi Arabia

COP27 agrees to climate compensation fund

The deal is said to be a historic first in acknowledging the vast inequities of the climate crisis

North America's natural gas can help mitigate energy crisis

Oil & Gas

COP27: Egypt and Norway to build 100MW green hydrogen plant

Renewable Energy

Renewable energy company Masdar opens office in Saudi Arabia

Renewable Energy