BP to deliver first carbon offset LNG cargo to Sempra’s Energía Costa Azul receiving terminal

Global energy group BP subsidiary bpGM, Sempra LNG and Infraestructura Energética Nova, S.A.B. de C.V. (“IEnova”), have announced they have entered into a contract, for the delivery of the companies’ first carbon offset Liquefied Natural Gas (“LNG”) cargo. Sourced from bp’s global LNG portfolio, the cargo will be delivered to the Energía Costa Azul (ECA) terminal in Mexico, today.

Global demand for natural gas and LNG is expected to continue to grow. IEnova and Sempra LNG each intend to continue supporting this growth by diversifying their offerings, including developing bundled carbon offset LNG products to help meet customers’ demand.

Justin Bird, CEO of Sempra LNG said: “We are excited to advance our goal to lower GHG emission intensity at our LNG facilities. Sempra LNG continues to build a strong business portfolio focused on sustainability and the global energy transition.”

Carbon dioxide (CO2) and methane (CH4) emissions associated with the LNG cargo, from wellhead to discharge terminal, will be estimated using bp’s GHG quantification methodology for LNG. The methodology has been developed following relevant international standards and may be updated from time to time.

These estimated emissions will be offset by retiring a corresponding amount of carbon credits, sourced from a Mexican afforestation project from bp’s vetted portfolio of offsets on behalf of Sempra LNG.