RWE Delivers LNG Cargo on Carbon Neutral Basis to POSCO
Through close co-operation RWE has arranged the delivery of a carbon offset cargo for its customer POSCO end of March. The cargo was delivered to the
Through close co-operation RWE has arranged the delivery of a carbon offset cargo for its customer POSCO end of March. The cargo was delivered to the Gwangyang Terminal in South Korea. Under the agreement between RWE and POSCO, carbon emissions associated with the LNG cargo from wellhead to delivery, including exploration, production and transport, have been offset. This is achieved through the retirement of a corresponding amount of carbon credits, so called Verified Emissions Reductions certificates. High quality carbon credits have been sourced and independently certified under the internationally recognised Gold Standard, which adheres to strict environmental and social principles, and will be retired in order to compensate for the associated CO2 emissions of producing and delivering the cargo to Korea.
The carbon emission intensity of the cargo delivery was estimated using the Wood Mackenzie LNG Emissions Tool. RWE is now able to provide all its customers with the opportunity to offset carbon emissions related to LNG deliveries through the use of emission reduction certificates.