Vitol launches Green LNG offering

02 Mar 2021

Emissions associated with cargo, from wellhead to DES delivery, will be offset through the cancellation of Verified Emissions Reductions (VERs). VERs are carbon offset certificates that are verified and issued by one of: UN Clean Development Mechanism, Verified Carbon Standard (VERRA), Gold Standard, American Carbon Registry, China Green House Gas Voluntary Emission Reduction Programme or Climate Action Reserve.

All LNG customers will be offered the opportunity of converting LNG cargoes to Green LNG through offsets. Emissions to be offset will be estimated using the Wood Mackenzie LNG Emissions Tool, which estimates carbon emissions from wellhead to market. The VERs will be sourced from Vitol’s existing portfolio and the wider market.

Vitol’s carbon team has been established for over a decade. In addition to participating in both compliance and voluntary markets, Vitol is invested in a growing portfolio of carbon offsetting projects around the world.

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