Page 11 - GLNG Week 35 2021

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Inpex seals two carbon-neutral supply deals

ENERGY JAPANESE oil and gas developer Inpex has would buy carbon-neutral gas and reduce its
TRANSITION announced two new carbon-neutral natural gas headquarters’ carbon footprint.
supply agreements with Shizuoka Gas and Iruma Inpex added: “Through the realisation of a
Gas. smart energy network for a carbon-free soci-
Inpex said on September 1 that it had agreed ety and the sales and promotion of the carbon
to supply a roughly 70,000-tonne shipment of neutral gas, Iruma Gas will contribute to the
LNG fuel to Shizuoka Gas via the Sodeshi LNG reduction of CO2 emissions and the sustainable
terminal in Shizuoka Prefecture. growth of communities.”
Inpex added that the carbon footprint of the Iruma City is one of 444 local governments
shipment, which is slated to arrive on September to have pledged to reach net-zero carbon emis-
4, had been offset using carbon credits applied to sions by 2050, a target Inpex adopted in its 2050
greenhouse gas (GHG) emissions across the entire business development strategy that was released
gas supply chain. This includes upstream produc- in January 2021.
tion, liquefaction, transportation, regasification, Inpex announced in July a similar deal with
marketing and combustion by customers in Japan. the Joetsu City Gas and Water Bureau in Nii-
The company added that the carbon credits gata Prefecture, which would see the bureau
met the Verified Carbon Standard deriving from buy carbon-neutral gas from Inpex from July
GHG reduction efforts at global forest conserva- until March 2026. This would allow the bureau
tion projects. to convert some of the gas it supplies to Arisawa
Inpex revealed in January that it had adopted Manufacturing to carbon-neutral gas.
the government’s goal of reaching net-zero The developer is also looking adapt carbon
carbon emissions by 2050. Commenting on its capture, utilisation and storage (CCUS) tech-
deal with Shizuoka Gas, Inpex said: “This car- nology to both reduce upstream emissions and
bon-neutral LNG shipment is aligned with this boost production levels.
[2050] strategy and is an initiative to provide a Inpex announced this week that Indonesian
solution to the social need of utilising natural gas regulators had approved the Vorwata CCUS pro-
in a cleaner manner.” ject at BP’s Tangguh LNG project, which will see
The deal with Shizuoka Gas was announced around 25mn tonnes of CO2 injected back into
a day after Inpex revealed it had reached a car- the Vorwata reservoir. Inpex owns a 7.79% inter-
bon-neutral gas sales and purchase agreement est in Tangguh LNG via a couple of joint ventures
(SPA) with Iruma Gas. Inpex said the utility with Mitsubishi.™
EUROPE

Lithuania updates LNG contract with Equinor

PROJECTS & LITHUANIA’S Ministry of Energy praised on from 2022 until the end of 2024.
COMPANIES August 30 the agreement with Norwegian com- Following the amendment of the contract,
pany Equinor on amendments to the existing the difference between the price paid for pur-
LNG supply contract between the two. The min- chasing LNG cargoes as per the contract and the
istry said it would lead to savings worth several average price of gas imported to the Republic of
millions of euros each year. Lithuania would “become much more stable”,
Ignitis, part of Lithuania’s state-owned energy Ignitis said.
group Ignitis Grupe (Ignitis Group), announced Before the changes, Lithuania used to pay
on August 27 that it had reached an agreement above-market prices for Equinor’s LNG, and
with Norwegian company Equinor on the amend- the difference had to be covered by all gas
ment of their LNG purchase contract regarding a consumers.
more favourable LNG cargo supply structure. Ignitis has been acting as the designated LNG
Ignitis said the updated LNG cargo supply supplier since 2014. Under the contract with
contract with Equinor would be signed in the Equinor, signed that year and later amended,
coming days but refused to provide more details Lithuania committed to buy the minimum
about the terms and conditions of the contract. amount of LNG – four large vessels per year –
However, the company said that the amend- to maintain the operation of the Klaipeda-based
ments concerned the schedule of LNG cargoes’ LNG terminal.
delivery, pricing and extra guarantees. It also con- The LNG terminal’s operator, Klaipedos Nafta,
firmed that the number of LNG cargoes and the said in June that Equinor had also booked capac-
term of the contract would remain unchanged. ity at the terminal for the period between October
According to the group, the amendments 2021 and September 2022. This will allow the to
would allow saving €14-17mn ($17-20mn) for market its own supplied LNG in the Baltic region,
the remaining period of the effective contract, on top of what it supplies to Ignitis.™

Week 35 03•September•2021 www. NEWSBASE .com P11