Full set of offset
March 15 (LNGJ) - Off-setting, a form of self-imposed taxation thought up by the green lobby and marketed by US investment banks and now being followed worldwide by the energy industry, has moved on to the condensate sector. Western Australian LNG plant operator Woodside Petroleum and its Pluto LNG joint venture participants, Japanese utilities Kansai Electric Power and Tokyo Gas, said they delivered their first cargo of carbon-offset condensate to global commodity trading company Trafigura from the Pluto facility on the Burrup Peninsula.
“The carbon-dioxide equivalent emissions associated with extraction, storage and shipping of the 650,000-barrel cargo will be offset through a combination of efficiency measures, which reduce emissions,” said a statement. “High-quality carbon offsets have been sourced from nature-based projects located in the Asia-Pacific region, independently validated and verified by the Gold Standard or Verified Carbon Standard,” it added.
