Shell and PetroChina sign world’s first term contract for Carbon-neutral LNG
7/15/2021
Shell - Press release PetroChina International Co. Ltd. today received its first carbon-neutral1 liquefied natural gas (LNG) cargo at Dalian port of China, after signing the industry’s first2 term contract for carbon-neutral LNG supply with Shell. Shell Eastern Trading Pte Limited (Shell) has signed a five-year agreement with PetroChina International Co. Ltd. (PCI) for the supply of carbon-neutral LNG. For each cargo delivered under this agreement, PCI and Shell will cooperate to offset life-cycle carbon dioxide equivalent (CO2e) emissions generated across the LNG value chain3, using high-quality carbon credits from nature-based projects. The carbon credits used to offset life-cycle CO2e
