LONDON, July 12 (Reuters) - Oil major Shell has
signed a five-year contract with PetroChina to supply the
Chinese company with carbon neutral liquefied natural gas (LNG)
cargos, Shell said on Monday.
For each cargo delivered under the agreement the two
companies 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," Shell said.
(Reporting by Susanna Twidale, editing by Louise Heavens)