LNG customers hold power over producers in rush to quantify GHG: Chevron

Hellenic Shipping News | May 4, 2021 at 2:00 AM
  • Chevron expects global LNG customers to continue pushing producers to tie commercial deals to greenhouse gas emissions control efforts, following a unique offtake agreement it signed with Singapore’s Pavilion Energy earlier this year, a company official said April 28 during the FP Virtual Climate Summit.
  • In February, Pavilion signed a six-year LNG sale and purchase agreement with Chevron for the supply of approximately 500,000 mt/year of LNG to Singapore starting in 2023.
  • Starting in 2022, it plans to provide customers with cargo emissions tags associated with each LNG cargo produced at its Sabine Pass terminal in Louisiana and Corpus Christi liquefaction terminal in Texas.