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.
The sale was announced on December 21, 2020, and is consistent with Shell s strategy of selling non-core assets in order to further high-grade and simplify Shell s portfolio. The. | March 16, 2021
PV Gas D signs strategic contract with Tokyo Gas Asia 12:08 | 15/03/2021
PV Gas D amd Tokyo Gas Asia are tightening ties
Tokyo Gas Asia, a unit of Tokyo Gas, is currentlythe second-largest shareholder of PV Gas D with the ownership of a 24.9 per cent stake in the company.
This signing will contribute to reinforcing the strategic alliance the two parties signed in 2017 for natural gas distribution in Vietnam.
At the time, Tokyo Gas Asia planned to use its technologies and expertise in demand development and energy-saving technologies to boost the business value of PV Gas D.
In 2012, Tokyo Gas and PV Gas signed a comprehensive MoU on the development of a liquefied natural gas value chain in Vietnam. This led to the establishment of LNG Vietnam, a joint venture, in 2016.
Japanese firms back carbon-neutral LNG pemedianetwork.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pemedianetwork.com Daily Mail and Mail on Sunday newspapers.