Page 12 - GLNG Week 09 2021

GLNG NEWS IN BRIEF GLNG

diversification of gas supplies to France and emissions reductions (VERs). VERs are green LNG to our portfolio.”
Europe. carbon offset certificates that are verified and Michael Curran, head of emissions trading,
In more than 50 years, Elengy’s teams issued by one of: UN Clean Development Vitol said: “This demonstrates how our
have safely unloaded LNG from 15 different Mechanism, Verified Carbon Standard established portfolio of carbon projects can
countries, such as Algeria, Nigeria, Egypt, (VERRA), Gold Standard, American Carbon add value to our wider energy customers.
Qatar, Russia, etc. Since the first ship with Registry, China Green House Gas Voluntary We anticipate demand for carbon-mitigating
a capacity of 25,500 m3 of LNG (the Jules Emission Reduction Programme or Climate energy solutions to grow as the world focuses
Verne) to the largest LNG carriers in the Action Reserve. on achieving net zero.”
world (the Q-Max) with 267,000 m3, and the All LNG customers will be offered the Gavin Law, head of gas & power
new Arc7 ice-breaking LNG carriers, nearly opportunity of converting LNG cargoes to consulting, Wood Mackenzie said: “With the
290 different LNG carriers have called at an Green LNG through offsets. Emissions to growing focus on LNG-related emissions, we
Elengy terminal, i.e. half of the world fleet. be offset will be estimated using the Wood are delighted that the LNG Emissions Tool
ELENGY, March 04, 2021 Mackenzie LNG Emissions Tool, which has been chosen as the independent source of
estimates carbon emissions from wellhead to LNG-related emissions estimates which will
Vitol launches green LNG market. The VERs will be sourced from Vitol’s be used by Vitol and its customers in the offset
existing portfolio and the wider market.
process.”
offering Vitol said: “Vitol’s established presence in for over a decade. In addition to participating
Pablo Galante Escobar, head of LNG,
Vitol’s carbon team has been established
Vitol has launched a green LNG product for carbon markets has enabled us to construct in both compliance and voluntary markets,
its LNG customers looking to mitigate carbon a compelling offering for LNG customers Vitol is invested in a growing portfolio of
emissions. The emissions associated with the looking to mitigate emissions. The bar for carbon offsetting projects around the world.
cargo, from wellhead to DES delivery, will transitional energy solutions is rightly being VITOL, March 01, 2021
be offset through the cancellation of verified raised and we are delighted to be able to add

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