Chevron Corporation, through its subsidiary Chevron Shipping Company LLC, announced its entrance into an agreement with Sembcorp Marine Repairs & Upgrades Pte. Ltd, a wholly owned subsidiary of Sembcorp Marine Ltd. (Sembcorp Marine), intending to reduce the carbon intensity of their LNG fleet operations. Under the agreement, with Sembcorp Marine’s support, Chevron will install new technologies aboard Chevron vessels to support their energy transition goals. The changes are also in alignment with decarbonization targets set by the International Maritime Organization (IMO).
Chevron aims to lower the carbon footprint of LNG transportation by installing new technologies such as a reliquefication system, hull air lubrication, and a new gas compressor. Together, these changes are expected to reduce cargo boil-off, lower fuel consumption and increase volumes of cargo delivered.
“We are excited to work with Sembcorp Marine to help us advance our lower carbon goals,” said Mr. Mark Ross, President of Chevron Shipping Company. “We believe LNG will be a key component of the global energy transition for years to come, and Chevron is focused on continuing its disciplined capital investment in our LNG fleet.”
Chevron aims to lower the carbon footprint of LNG transportation by installing new technologies such as a reliquefication system, hull air lubrication, and a new gas compressor. Together, these changes are expected to reduce cargo boil-off, lower fuel consumption and increase volumes of cargo delivered.
“We are excited to work with Sembcorp Marine to help us advance our lower carbon goals,” said Mr. Mark Ross, President of Chevron Shipping Company. “We believe LNG will be a key component of the global energy transition for years to come, and Chevron is focused on continuing its disciplined capital investment in our LNG fleet.”
Photo Courtesy: Chevron Shipping Company LLC