Each cargo delivered under the 10-year agreement between Qatar Petroleum’s trading arm and Pavilion Energy Pte will come with a statement of how much greenhouse gas emissions it caused. The accord covers as much as 1.8 million tons per year from 2023. There is no obligation for carbon offsets, but the intent is there to reduce emissions, Pavilion said.
Qatar and Singapore signed the first long-term liquefied natural gas deal that details pollution from the fastest growing fossil fuel.
The accord is the latest sign of how the gas industry is focusing on getting cleaner. Even if the fuel is much less polluting than oil and coal, the sector is under increasing pressure to reduce emissions as nations are seeking to meet strict climate targets.
