• Upstream
  • Pipelines & Transport
  • Downstream
Thursday, September 18, 2025
Oil&Gas Advancement
EURASIAN LUBRICANTS SHOW
  • Home
  • News
    Oil Related Tariffs on China

    Oil-Related Tariffs on China May Stop unless Europe Acts

    Oil and Gas Projects

    More Oil and Gas Projects Imperative, Says the IEA

    Oil and Gas Exploration

    Egypt Signs 3 Deals worth Over $121M for Oil and Gas Exploration

    13bn Worth Iraq Project

    QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

    25 Billion LNG Project

    McDermott Gets Key Contract for $25 Billion LNG Project

    Turkiye signs 15bn cubic meters LNG contracts

    Türkiye Signs 15 bcm LNG Contracts to Boost Energy Security

    Halt Imports of Russian Oil And Gas

    U.S. Wants EU to Halt Imports of Russian Oil and Gas Soon

    4bn New Israeli Gas Offtake Contracts

    Energean Lands $4bn New Israeli Gas Offtake Contracts

    LNG Procurement and Trading

    Singapore-China Apply Cap on LNG Procurement and Trading

  • Projects
    Oil and Gas Exploration

    Egypt Signs 3 Deals worth Over $121M for Oil and Gas Exploration

    13bn Worth Iraq Project

    QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

    25 Billion LNG Project

    McDermott Gets Key Contract for $25 Billion LNG Project

    4bn New Israeli Gas Offtake Contracts

    Energean Lands $4bn New Israeli Gas Offtake Contracts

    LNG Procurement and Trading

    Singapore-China Apply Cap on LNG Procurement and Trading

    Production Sharing Contract of Nigeria

    Production-Sharing Contract of Nigeria with TotalEnergies

    First Arctic LNG 2 Gas Delivery

    First Arctic LNG 2 Gas Delivery from Russia to China Starts

    Major Energy Deals

    Officials From Russia and The US Discuss Major Energy Deals

    Arctic LNG 2 Project from Russia

    Arctic LNG 2 Project from Russia Achieves Record Gas Output

  • Whitepapers

    OGA 2017 Post Show Report

    US Polyethylene Export Market Report 2017-2020

    US Polyethylene Export Market Report 2017-2020

    Embedded SSD Flash Management

    Enterprise SSD: More Than Just a New Kind of Hard Drive

    Efficiency, Visibility and Reliability Keys to lower costs and greater profitability in oil and gas operations

    Don’t Miss the Unconventional Resource Revolution’s Next Wave

    Better Safety, Better Business: Maintain Compliance and Drive Revenue: Put All of Your Data to Work

    Breaking the Application Barrier: Why Data is the Most Valuable Asset in the Oil and Gas Industry

    Drilling Optimization Through Advanced Analytics Using Historical and Real-Time Data

  • Press Releases
    Cloudera and Aramco Plan to Collaborate on AI driven Digital Innovation in Saudi Arabia

    Cloudera and Aramco Plan to Collaborate on AI-driven Digital Innovation in Saudi Arabia

    Youth-Empowerment at Namibia Oil and Gas Conference 2025

    Namibia Oil and Gas Conference 2025 Announces Future Generations Masterclass in Partnership with the Namibia Youth Energy Forum

    Alaska LNG

    Glenfarne Announces Over $115 Billion of Strategic Partner Interest for Alaska LNG

    agreements with US companies

    Aramco announces 34 MoUs and agreements with US companies

    Sinopec Sets New Vertical Well Depth

    Sinopec Sets New Vertical Well Depth Record of 5,300 Meters

    Jubail Asset Integrity

    Jubail to Host the 3rd Asset Integrity and Process Safety Conference & Exhibition 2025

    IPTC 2025 Launched: Driving Innovation, Sustainability, and Excellence in Energy

    Ocean Business announces exhibitor list for 2025 show

    Ocean Business 2025 conference programme announced

  • Market Reports
    AI Technology Maturing the Oil and Gas Workforce

    AI & Technology Maturing the Oil and Gas Workforce

    HDPE Market in Oil and Gas

    HDPE Market in Oil and Gas: Trends and Global Forecast

    Top 5 Oil and Gas Sector Trends that are Active in 2025

    Oil-and-Gas-Analytics

    Oil and Gas Analytics Market Growth Trends and Forecast

    Gas-Transportation

    Transport Capacity – Key to Gas Sector Growth in India

    Offshore-Drilling

    Namibia Showcases its Offshore Drilling Activities

    Global-Oil

    Demand for Global Oil to Grow to Almost 104 mb/d in 2025

    ExxonMobil to sell Norway upstream operations for $4.5 billion

    ExxonMobil completes acquisition of Pioneer Natural Resources

    Ithaca Energy unit to acquire Chevron’s Central North Sea assets

    ExxonMobil doubles Permian footprint after finalizing Pioneer acquisition

  • Events
  • Contact Us
No Result
View All Result
Oil&Gas Advancement
No Result
View All Result
Home Press Releases

Shell and PetroChina sign world’s first carbon-neutral term LNG deal

in Press Releases, Upstream
Shell and PetroChina sign world's first carbon-neutral term LNG deal
Share on FacebookShare on Twitter

PetroChina has received its first carbon-neutral liquefied natural gas (LNG) cargo at Dalian port of China, after signing the industry’s first term contract for carbon-neutral LNG supply with Shell.

Shell Eastern Trading Pte Limited (Shell) has signed a five-year agreement with PetroChina International Co. Ltd. (PCI) for the supply of carbon-neutral LNG. For each cargo delivered under this agreement, PCI and Shell will cooperate to offset life-cycle carbon dioxide equivalent (CO2e) emissions generated across the LNG value chain, using high-quality carbon credits from nature-based projects.

The carbon credits used to offset life-cycle CO2e emissions generated from the cargo delivered today, come from Shell’s global portfolio of emission reduction projects, that protect and enhance forests in China and other parts of the world.

Nature-based projects protect, transform or restore land and enable nature to add oxygen and absorb more CO2 emissions from the atmosphere. Each carbon credit is subject to a third-party verification process and represents the avoidance or removal of 1 tonne of CO2e.

PCI is a wholly owned subsidiary of PetroChina Company Limited (PetroChina) which is the largest oil and gas producer and distributor in China and with this deal, PetroChina will be able to provide carbon-neutral gas to Chinese businesses and households in line with China’s 2060 carbon-neutrality aspirations.

Commenting on the agreement, Mr. Tian Jinghui, Executive Chairman of PCI stated “In pursuit of the carbon neutrality goal, PetroChina is committed to a green and low-carbon development strategy. We are pleased to partner with Shell, through this cooperation in carbon-neutral LNG, in realising the long-term objective of net zero emission for the energy industry.”

Commenting on the agreement, Steve Hill, Executive Vice President Shell Energy stated “Since delivering the world’s first carbon-neutral LNG cargoes in 2019, we have collaborated with producers and buyers across the globe for 13 other carbon-neutral LNG cargoes. This first term deal is an important step in scaling up the market for carbon-neutral LNG and we are very grateful to our valued partner PetroChina for their collaboration in enabling this industry milestone.”

To decarbonise LNG, all levers will need to be pulled. Avoiding emissions where possible, reducing emissions where they cannot be avoided, and offsetting emissions when they cannot be avoided or reduced. As more ways to avoid and reduce emissions develop at scale, the industry needs to work together to use high-quality carbon credits to compensate for greenhouse gas (GHG) emissions along the LNG value chain that are otherwise hard-to-abate.

Economic growth and supportive coal-to-gas switching policies have led China to become the world’s second largest LNG importer. In 2020 Chinese LNG imports reached 67 million tonnes and are expected to nearly double by 2040

 

Previous Post

Atlantic Towing selects Vard Electro for implementation of battery technology to reduce Green House Gas emissions

Next Post

DSME wins $635 million order to build platform for Qatars giant oil field

Related Posts

Oil and Gas Projects
Exploration Development

More Oil and Gas Projects Imperative, Says the IEA

September 17, 2025
4bn New Israeli Gas Offtake Contracts
Exploration Development

Energean Lands $4bn New Israeli Gas Offtake Contracts

September 12, 2025
OPEC to Boost Oil Output
News

OPEC+ To Boost Oil Output in October Amid Market Push

September 11, 2025
Production Sharing Contract of Nigeria
Gases

Production-Sharing Contract of Nigeria with TotalEnergies

September 8, 2025
Major Energy Deals
News

Officials From Russia and The US Discuss Major Energy Deals

September 1, 2025
US LNG exports
Gases

US LNG Exports Fuel Shale Gas Production Expansion

August 27, 2025
Next Post
DSME wins $635 million order to build platform for Qatars giant oil field

DSME wins $635 million order to build platform for Qatars giant oil field

LatestNews

Oil and Gas Projects
Exploration Development

More Oil and Gas Projects Imperative, Says the IEA

September 17, 2025
Oil and Gas Exploration
Africa

Egypt Signs 3 Deals worth Over $121M for Oil and Gas Exploration

September 17, 2025
13bn Worth Iraq Project
Middle East & South Asia

QatarEnergy, TotalEnergies Partner $13bn Worth Iraq Project

September 16, 2025
25 Billion LNG Project
America

McDermott Gets Key Contract for $25 Billion LNG Project

September 16, 2025
Turkiye signs 15bn cubic meters LNG contracts
Gases

Türkiye Signs 15 bcm LNG Contracts to Boost Energy Security

September 15, 2025
Halt Imports of Russian Oil And Gas
America

U.S. Wants EU to Halt Imports of Russian Oil and Gas Soon

September 15, 2025

About Us

Oil & Gas Advancement is a specialized platform delivering latest news and industry insights for the global oil and gas sector. Featuring market intelligence, expert opinions, events and updates, it serves as a trusted and strategic resource for industry stakeholders navigating energy transitions.

Subscribe Us

Resources

  • Advertise with us
  • Contact Us
  • Newsletter Archive
  • Download Mediapack

System

  • Search
  • Site Map
  • RSS Feed
  • Upstream
  • Pipelines & Transport
  • Downstream

© 2025 Copyright Valuemediaservices 2025 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Projects
  • Whitepapers
  • Press Releases
  • Market Reports
  • Events
  • Contact Us

© 2025 Copyright Valuemediaservices 2025 All rights reserved.