CPC receives 1st shipment of carbon neutral LNG

2020/03/06

The country’s first shipment of carbon neutral liquefied natural gas arrived at Yung-An LNG Receiving Terminal March 4 in the southern port city of Kaohsiung, underscoring government efforts to reduce Taiwan’s carbon emissions.
 
 According to state-owned CPC Corp. headquartered in Kaohsiung, the 64,000 tons of LNG are part of a deal with Singapore-based Shell Eastern Trading Pte Ltd.
 
 The cargo’s arrival coincides with the 30th anniversary of LNG imports to Taiwan, signifying a commitment to reducing carbon emissions and promoting sustainable business practices, CPC said.
 
 By contributing to the long-term national greenhouse gas discharge reduction goal—slashing emissions to no more than 50 percent of the 2005 level by 2050—the shipment will also help transform Taiwan into a low carbon emission homeland, it added.
 
 Extraction of the LNG and delivery to end users are expected to generate 240,000 metric tons of carbon emissions, CPC said, adding these will be offset using nature-based, independently verified credits purchased from various international ecosystem restoration initiatives supported by the U.N. REDD Programme.
 
 These include the Cordillera Azul National Park Project in Peru, Form Reforestation Project in Ghana, and Katingan Peatland and Restoration and Conservation Project in Indonesia.
 
 According to Shell, the company is happy to partner with CPC. Using nature-based offsets in conjunction with LNG will help CPC lower greenhouse gas emissions and support the needs of customers looking to decarbonize their energy use, it said.

Source: Taiwan Today (https://taiwantoday.tw/index.php)