Pavilion Energy Trading & Supply Pte. Ltd.1 (“Pavilion
Energy”), QatarEnergy and Chevron U.S.A. Inc (Singapore branch)
(“Chevron”) (NYSE: CVX) today announced they have jointly published
a quantification and reporting methodology to produce a statement
of greenhouse gas emissions (SGE) for delivered LNG cargoes.
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the full release here:
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This is the first such published methodology that will be
applied to sales and purchase agreements (SPAs), specifically the
executed SPAs2 by Pavilion Energy with QatarEnergy and Chevron.
Intended for wide adoption, the methodology provides a calculation
and reporting framework for greenhouse gas (“GHG”) emissions from
wellhead-to-discharge terminal, based on industry standards.
The SGE Methodology was developed by a team of technical
specialists representing Pavilion Energy, QatarEnergy and Chevron,
supported by global sustainability consultancy Environmental
Resources Management (ERM). It aims to create a common standard for
the measurement, reporting and verification of the GHG emissions
associated with producing and delivering an LNG cargo to drive
greater transparency and enable stronger action on GHG reduction
measures.
Independent academic experts, commercial institutions and
verification bodies have reviewed the SGE Methodology. It
complements key industry efforts being developed in parallel,
specifically the Monitoring, Reporting and Verification (MRV) and
GHG Neutral Framework by the International Group of LNG Importers
(GIIGNL).
“We share a common and decisive vision with QatarEnergy and
Chevron to advocate for transparency and accuracy of GHG emissions
associated with delivered LNG cargoes,” said Alan Heng, Interim
Group CEO of Pavilion Energy. “The SGE Methodology sets a strong
tone for increased accountability of emissions along the LNG value
chain, paving the way for more decarbonisation strategies towards a
lower carbon future.”
Ahmad Saeed Al-Amoodi, QatarEnergy’s Executive Vice President of
Surface Development and Sustainability, said, "This joint effort to
develop a greenhouse gas quantification and reporting methodology
is part of a series of projects and initiatives that reflect
QatarEnergy’s commitment to reduce GHG emissions and to
de-carbonize the LNG value chain. We are proud to join hands with
our partners Pavilion Energy and Chevron in this landmark
project.”
“We jointly developed this LNG carbon-footprinting methodology
for delivered cargoes to help advance a standard for GHG
product-level accounting,” said Bruce Niemeyer, Chevron's vice
president of strategy and sustainability. “This methodology is
expected to enhance transparency, improve accuracy and build
stakeholder confidence in data reliability to help advance net zero
ambitions.”
Additional information available online:
Methodology to Support a Statement of Greenhouse Gas
Emissions (SGE) for Delivered LNG Cargoes
Executive Summary
About Pavilion Energy
Pavilion Energy is a wholly-owned subsidiary of Temasek.
Headquartered in Singapore, its global energy business encompasses
natural gas supply and marketing activities in South-East Asia and
Europe; and global LNG trading, shipping and optimisation; as well
as energy hedging and financial solutions. Pavilion Energy has also
been a pioneer by developing LNG bunkering for the maritime
industry and by promoting greenhouse gas emissions reduction and
carbon offsets in the LNG value chain. As an advocate for LNG and
natural gas as fuels of choice, we are driving energy transition
efforts towards a more sustainable future for generations to
come.
For more information about Pavilion Energy, please visit
www.pavilionenergy.com.
About QatarEnergy
QatarEnergy is an integrated energy corporation responsible for
the development of cleaner energy resources as part of the energy
transition in the State of Qatar and beyond. As “Your energy
transition partner”, QatarEnergy is the world leader in the
production of Liquefied Natural Gas (LNG), the cleaner, safer, more
flexible, and reliable source of energy, and an integral partner in
the global energy transition.
For more information about QatarEnergy, please visit
www.qatarenergy.qa.
About Chevron
Chevron is one of the world’s leading integrated energy
companies. We believe affordable, reliable and ever-cleaner energy
is essential to achieving a more prosperous and sustainable world.
Chevron produces crude oil and natural gas; manufactures
transportation fuels, lubricants, petrochemicals and additives; and
develops technologies that enhance our business and the industry.
We are focused on lowering the carbon intensity in our operations
and seeking to grow lower carbon businesses along with our
traditional business lines. More information about Chevron is
available at www.chevron.com.
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1 Wholly-owned subsidiary of Pavilion Energy Pte. Ltd.
2 Pavilion Energy and Qatar Petroleum Sign Strategic LNG Supply
Agreement for Singapore; Pavilion Energy and Chevron Ink a LNG
Supply Agreement for Singapore
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Media Contacts
For Chevron: Cam Van Ast External Affairs Advisor, Asia
Pacific Email: cameron.vanast@chevron.com
For Pavilion: Nicolette Tang Manager, Corporate
Communications Email: nicolette.tang@pavilionenergy.com
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