Malaysian national oil company, Petroliam Nasional Berhad (PETRONAS) has marked yet another significant milestone by completing the first delivery of carbon neutral liquefied natural gas (LNG) cargo on August 17th from the PETRONAS LNG Complex in Bintulu to Shikoku Electric at Sakaide LNG terminal in Japan.
PETRONAS has offset the estimated life cycle carbon footprint of the LNG cargo through renewables-based carbon credits for the emissions generated from upstream gas exploration and production, transportation, liquefaction, and shipping of the cargo. Additionally, the carbon credits used by PETRONAS for the delivery were certified through a rigorous verification process under the Verified Carbon Standard program, which is globally recognised and has been adopted by energy players and producers.
“Reflecting our support of the energy transition and in line with our Statement of Purpose, PETRONAS will continue diversifying our products and offerings to the market, while transforming ourselves to be a cleaner and more sustainable energy provider”Tengku Muhammad Taufik, PETRONAS President & Group Chief Executive Officer
PETRONAS continues to focus on expanding its core business by advocating the low-carbon benefits of natural gas in support of the energy transition by utilising cutting edge technologies to ensure sustainable extraction and processing of LNG. These carbon reduction efforts, among others, include powering the PLC with 90MW of hydroelectricity, conducting flare recovery as well as carbon capture and storage from offshore gas fields.
The Malaysian Reserve