Finance
For the First Time, LNG Buyer Seeks Fuel With Pollution Credits
- Pavilion Energy issues tender for LNG supply to Singapore
- Tender seeks reporting on emissions per cargo, carbon offsets
An LNG tanker sits in Singapore.
Photographer: Bloomberg
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Singapore’s biggest buyer of liquefied natural gas is poised to take a major step toward squeezing down pollution from the fuel -- on paper at least.
Pavilion Energy Pte Ltd. is asking sellers of LNG to quantify greenhouse gas emissions associated with each LNG cargo produced, transported and imported into Singapore. It’s also encouraging bidders to offer carbon offsets as part of sales deals.