Chevron has signed a six-year deal to supply Singapore-based Pavilion Energy with half a million tonnes a year of LNG beginning in 2023, with each cargo Chevron delivers to Pavilion accompanied by a statement on the carbon emissions generated from the wellhead to delivery at the discharge port.
In addition to supplying LNG to Singapore, Pavilion Energy said the company and its strategic partners are “committed to co-developing and implementing a greenhouse gas 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.”
Pavilion Energy Group chief executive Frédéric H Barnaud said “As we proactively promote GHG emissions reduction and offsets, we are thrilled to be joined by Chevron. I am confident that a bold, ambitious and uncompromising industry collaboration will boost our own efforts towards achieving a meaningful impact.”
Chevron Singapore country chairman Law Tat Win said “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.”
The deal and its focus on measuring emissions generated through the production and delivery of LNG cargo come amid a global move in the maritime sector towards cleaner fuels and away from conventional diesel fuels.
In November 2020, Pavilion signed a similar deal with Qatar Petroluem to buy up to 1.8M tonnes per year of LNG. The state-owned Gulf outfit is set to ramp up LNG production to 126M tonnes a year by 2027 and took the final investment decision on the North Field mega-project this month. (February 23, 2021)
SINGAPORE - LNG - SUPPLIES - IMPORTS - EXPORTS