Chevron Announces Fourth Quarter 2021 Results
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Showing posts with label CHEVRON ANNOUNCMENTS. Show all posts
Showing posts with label CHEVRON ANNOUNCMENTS. Show all posts
Friday, February 18, 2022
Thursday, November 18, 2021
Pavilion Energy, QatarEnergy And Chevron Launch GHG Reporting Methodology For Delivered LNG Cargoes
Pavilion Energy, QatarEnergy And Chevron Launch GHG Reporting Methodology For Delivered LNG Cargoes
Singapore/Doha/San Ramon, California, 17 November 2021 – Pavilion Energy Trading & Supply Pte. Ltd.1 (“Pavilion Energy”), QatarEnergy and Chevron U.S.A. Inc (Singapore branch) (“Chevron”) today announced they have jointly published a quantification and reporting methodology to produce a statement of greenhouse gas emissions (SGE) for delivered LNG cargoes.
This is the first such published methodology that will be applied to sales and purchase agreements (SPAs), specifically the executed SPAs2 by Pavilion Energy with QatarEnergy and Chevron. Intended for wide adoption, the methodology provides a calculation and reporting framework for greenhouse gas (“GHG”) emissions from wellhead-to-discharge terminal, based on industry standards.
The SGE Methodology was developed by a team of technical specialists representing Pavilion Energy, QatarEnergy and Chevron, supported by global sustainability consultancy Environmental Resources Management (ERM). It aims to create a common standard for the measurement, reporting and verification of the GHG emissions associated with producing and delivering an LNG cargo to drive greater transparency and enable stronger action on GHG reduction measures.
Independent academic experts, commercial institutions and verification bodies have reviewed the SGE Methodology. It complements key industry efforts being developed in parallel, specifically the Monitoring, Reporting and Verification (MRV) and GHG Neutral Framework by the International Group of LNG Importers’ (GIIGNL).
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