Carbon neutral step for Woodside

Woodside has landed its first fully carbon offset condensate cargo as LNG producers continue to move towards lower emission supply.

It follows Chevron signing a deal with Singaporean energy trader Pavilion Energy to calculate carbon offset requirements for each shipment.

Woodside’s shipment was loaded at Pluto and delivered to trader Trafigura.

All carbon dioxide emissions from extraction through transport will be offset using carbon offsets bought in the region.

Woodside vice-president marketing trading and shipping Mark Abbotsford said it may be the first carbon offset condensate cargo traded globally.

“The transaction brought all the participants in the joint venture responsible for producing the condensate together with the customer, a global trading company, in support of our recently announced emissions reduction targets,” he said.

“We are pleased to be partnering with Trafigura, Kansai Electric and Tokyo Gas to deliver our first carbon offset condensate cargo. 

“The transaction provided an opportunity to further develop our carbon offset marketing capability and gain an understanding of the carbon market in its early phases.”