The six-year sale and purchase agreement between Pavilion Energy Trading & Supply Pte and Chevron USA Inc. also requires a statement of ‘wellhead to discharge port’ GHG emissions for each LNG cargo delivery.
The agreement covers the supply of around 500,000 tonnes of LNG each year to Singapore, beginning in 2023.
In addition to supplying LNG to Singapore, Pavilion Energy and its strategic partners are working to co-develop and implement a GHG quantification and reporting methodology for LNG. The methodology is being developed based on internationally recognised standards and will cover emissions from wellhead-to-discharge terminal, including LNG transportation.
Commenting on the new agreement, Chevron Singapore Country Chairman, Law Tat Win, said: ‘Chevron embraces a lower-carbon future, where we will continue to deliver affordable, reliable and ever-cleaner products.
‘I am excited that Chevron will be partnering with Pavilion Energy to develop processes and tools which will enable us to offer lifecycle carbon footprinted products to the market in Singapore.’
As previously reported by Bunkerspot, last November Pavilion Energy agreed a 10-year sale and purchase agreement with QP Trading (Qatar Petroleum) for the supply of up to 1.8 million tonnes of LNG per year to Singapore from 2023.
This deal also required the submission of a GHG emissions statement with each cargo.
Pavilion Energy has an LNG bunker supply licence at the Port of Singapore and will share the use of a 12,000 cbm dual-fuelled LNG bunker tanker which is currently being built at Sembcorp Marine’s shipyard and is slated for delivery in early 2021.