Chevron announces lower carbon LNG fleet modification project with Sembcorp

US energy major Chevron Corp., through its subsidiary Chevron Shipping Co., has signed an agreement with Sembcorp Marine to reduce the carbon intensity of its LNG fleet operations, it said on February 26.

Under the agreement, Sembcorp Marine Repairs & Upgrades, a unit of Sembcorp, will help install new technologies aboard Chevron vessels to support their energy transition goals. The changes are also in alignment with decarbonisation targets set by the International Maritime Organization (IMO), Chevron said.

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 the volumes of cargo delivered.

Chevron said it believes LNG will be a key component of the global energy transition for years to come and is focused on continuing its capital investment in its LNG fleet.