Italian energy group Eni said on Aug. 5 it has reached an agreement with Taiwan's CPC Corp. for the delivery of a carbon-neutral LNG cargo to CPC Corp. at the Yung An receiving terminal in Taiwan.
The LNG will be sourced from the Bontang liquefaction terminal in Indonesia as part of Eni's contract with Eni Muara Bakau BV, a joint venture operated by Eni which owns and operates the Jangkrik gas field, the company said in the release.
"As part of the transaction, the overall GHG (greenhouse gas) emissions related to the entire value chain of the LNG cargo, including gas production, transmission, liquefaction, shipping, regasification, distribution and end use, will be offset through the retirement of high-quality, nature-based credits," it said.
The cargo will be certified as carbon neutral according to the internationally recognized 'PAS 2060' standard, Eni added.
The agreement is part of Eni's decarbonization strategy under which it aims to achieve full carbon neutrality in its products and operations by 2050.
Eni, which makes most of its earnings from oil and gas, plans to reach that goal through more output from bio-refineries, higher renewable capacity, forestry initiatives, carbon capture and other projects.
Recommended Reading
NextDecade, TotalEnergies Enter 20-Year Supply Deal for Rio Grande LNG
2025-04-14 - TotalEnergies Gas & Power North America will purchase 1.5 million tons per annum of LNG from Rio Grande’s Train 4, which has yet to reach FID.
Stonepeak Acquires Stake in Woodside’s Louisiana LNG for $5.7B
2025-04-07 - Investment firm Stonepeak purchased a 40% interest in a project Australia’s Woodside Energy bought last year for $900 million.
Reports: Mitsubishi Targeting Haynesville E&P Aethon in $8B Deal
2025-06-16 - Japan’s Mitsubishi is reportedly in talks to acquire Aethon Energy’s Haynesville assets in a deal that could be worth $8 billion.
Abu Dhabi’s Mubadala Buys Stake in Kimmeridge Shale Gas, LNG Ventures
2025-04-10 - Mubadala Energy, owned by Abu Dhabi’s sovereign wealth fund, is buying a stake in Kimmeridge Texas Gas (KTG) and Commonwealth LNG as the United Arab Emirates company makes an entry into U.S. shale.
Baker Hughes to Sell Precision Sensors, Instrumentation Line for $1.15B
2025-06-09 - The sale of the sensors unit, which is part of part of the company’s Industrial and Energy Technology (IET) segment, was announced as Baker Hughes continues to shift capital in seek of higher returns.