Singapore’s Pavilion Energy and Chevron have signed a six-year LNG sale and purchase agreement for the supply of 500,000 tonnes of LNG a year to Singapore from 2023.
Each LNG cargo delivered under this agreement will be accompanied by a statement of its greenhouse gas (GHG) emissions measured from wellhead to discharge port, in a move to promote increased sustainability and transparency in the LNG value chain.
“Chevron embraces a lower-carbon future, where we will continue to deliver affordable, reliable and ever-cleaner products. I am excited that Chevron will be partnering with Pavilion Energy to develop processes and tools which will enable us to offer lifecycle carbon footprinted products to the market in Singapore,” said Law Tat Win, Chevron Singapore country chairman.
In addition to supplying LNG to Singapore, Pavilion Energy and its strategic partners are looking to co-develop and implement a GHG quantification and reporting methodology for LNG. The methodology is being developed based on internationally recognised standards and will cover emissions from wellhead-to-discharge terminal, including LNG transportation.
Source: Seatrade Maritime