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.

Share

Featured Articles

Digital Realty & Schneider: Powering Net Zero Data Centres

With Schneider Electric, Digital Realty has signed five renewable energy PPAs, totalling 134MW, to bring its global renewable energy contract to 1.4GW

Collaboration Driving New Zealand's Renewable Energy Future

Spark and Genesis Energy will join forces to supply the telco with renewable energy to power its operations, providing a cleaner energy future for NZ

Is Volcanic Ash an Answer to Efficient Solar Energy Storage?

Volcanic ash, typically seen as a disruptive force, is now hailed by University of Barcelona researchers as a valuable energy storage medium

EY: How CEOs are Pushing Energy Transition Priorities

Sustainability

Reducing Low-Carbon Hydrogen Costs Key to Decarbonisation

Sustainability

Sustainability LIVE Among World’s Top Sustainability Events

Sustainability