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Australia’s Woodside, Trafigura trade world’s first carbon offset condensate cargo
Australia’s Woodside Energy and commodity trader Trafigura have traded the world’s first carbon offset condensate cargo, which loaded from Australia’s Pluto LNG terminal in Western Australia, the companies said in a joint statement March 15.
The trade comes after several cargoes of carbon neutral LNG and at least one cargo of carbon neutral crude oil have been traded globally, as consumers look to offset the impact of fossil fuels and suppliers rush to establish carbon trading and offsetting mechanisms to meet future demand.
Woodside Burrup and its Pluto LNG joint venture participants Kansai Electric Power Australia and Tokyo Gas Pluto delivered their first cargo of carbon offset condensate to independent commodity trading company Trafigura, the statement said.
Australian producer also signs MoU with Trafigura to explore future opportunities for the marketing of carbon offset condensate, oil and liquefied petroleum gas
Maritime Activity Reports, Inc. March 15, 2021
Australian oil and gas firm Woodside and its Pluto LNG joint venture partners have delivered their first cargo of carbon offset condensate to commodity trading company Trafigura.
The cargo was loaded at Pluto LNG plant in Western Australia, which processes gas from the offshore Pluto and Xena gas fields.
The carbon dioxide equivalent emissions associated with extraction, storage and shipping of the 650,000- barrel cargo will be offset through a combination of efficiency measures, which reduce emissions, and surrender of high-quality carbon offsets, Woodside said. Trafigura is working with the vessel owner to minimize actual emissions associated with transporting the cargo.