BP Singapore Pte Limited and Pavilion Energy have signed a long-term LNG sale and purchase agreement for the supply of approximately 0.8 million tonnes of LNG per year to Singapore for 10 years from 2024, BP announced in a statement on Wednesday.
Both firms will work together to create and implement a greenhouse gas quantification and reporting system, in addition to supplying LNG to Singapore.
BP said the technique will include emissions from wellhead to discharge terminal, with mutual transparency and respect to relevant international norms as guiding principles.
“This agreement further strengthens our relationship with BP as Pavilion Energy advances our strategies for a lower carbon future, beginning with greenhouse gas emissions quantification, reduction and offsets for Singapore,” Pavilion Energy CEO Frederic Barnaud was quoted as saying in the statement.
Recalling BP’s aim to be a net-zero company by 2050, BP's country president of Singapore, Eugene Leong, said the deal would enable the company not only to supply the Singapore market with LNG but also to co-develop a methodology to quantify the carbon intensity associated with the supply.
By Sibel Morrow