Total Delivers its First Carbon Neutral LNG Cargo
Total (Paris:FP) (LSE:TTA) (NYSE:TOT) has delivered its first
shipment of carbon neutral(1) liquefied natural gas (LNG) to the
Chinese National Offshore Oil Corporation (CNOOC).
The loading operation was carried out at the Ichthys
liquefaction plant in Australia, and the shipment was delivered on
September 29 to the Dapeng terminal, China.
"We are proud to have completed this first shipment of carbon
neutral LNG with CNOOC, a long-standing partner of Total. This
first LNG shipment, whose carbon emissions have been offset
throughout the value chain, represents a new step as we seek to
support our customers towards carbon neutrality," explains Laurent
Vivier, President for Gas at Total. "The development of LNG is
essential to meet the growth in global demand for energy while
reducing the carbon intensity of the energy products consumed."
The carbon footprint of the LNG shipment was offset with VCS
(Verified Carbon Standards) emissions certificates financing two
-- Hebei Guyuan Wind Power Project, which aims to reduce emissions from
coal-based power generation in northern China.
-- Kariba REDD+ Forest Protection Project, which aims to protect Zimbabwe's
* * *
Total, Second Largest Private Global LNG Player
Our Group has made natural gas, the least pollutant of all
fossil fuels, a cornerstone of its strategy to meet a growing
global demand for energy while helping to mitigate climate change.
We are focusing in particular on LNG, which can be easily
transported and delivered as close as possible to consumer markets.
Total is present across the entire LNG value chain, from production
and liquefaction of natural gas to LNG shipping and trading,
regasification using terminals and floating storage regasification
units (FSRUs) and contributes to the development of the LNG sector
for maritime transportation.
Total is the second-largest global LNG stakeholder in the
private industry, with an overall portfolio of nearly 50 Mt/year by
2025 and a worldwide market share of 10%. With over 34 Mt of LNG
sold in 2019, the Group has solid and diversified positions across
the LNG value chain. The Group sells LNG in all world markets via
its stakes in liquefaction plants in Qatar, Nigeria, Russia,
Norway, Oman, Egypt, the United Arab Emirates, the United States,
Australia and Angola.
Total is a broad energy company that produces and markets fuels,
natural gas and electricity. Our 100,000 employees are committed to
better energy that is more affordable, more reliable, cleaner and
accessible to as many people as possible. Active in more than 130
countries, our ambition is to become the responsible energy
* * * * *
This press release, from which no legal consequences may be
drawn, is for information purposes only. The entities in which
TOTAL SE directly or indirectly owns investments are separate legal
entities. TOTAL SE has no liability for their acts or omissions. In
this document, the terms "Total", "Total Group" and Group are
sometimes used for convenience. Likewise, the words "we", "us" and
"our" may also be used to refer to subsidiaries in general or to
those who work for them.
This document may contain forward-looking information and
statements that are based on a number of economic data and
assumptions made in a given economic, competitive and regulatory
environment. They may prove to be inaccurate in the future and are
subject to a number of risk factors. Neither TOTAL SE nor any of
its subsidiaries assumes any obligation to update publicly any
forward-looking information or statement, objectives or trends
contained in this document whether as a result of new information,
future events or otherwise.
(1) The term "carbon neutral" indicates that Total and CNOOC
have offset the amount of carbon dioxide equivalent associated with
the whole carbon footprint of the LNG Cargo (including the
production, liquefaction, shipping, regasification, and end-use)
through VCS certified emission reduction projects.
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