QatarEnergy has entered the Aiming for Zero Methane Emissions Initiative that has set out to achieve methane neutrality from operated oil and gas assets by 2030. The state-owned petroleum company has thus joined 12 member companies of the Oil & Gas Climate Initiative (OGCI).
The initiative’s members – QatarEnergy, Saudi Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies. The initiative also counts IPIECA, Worley, Wood Mackenzie, Highwood Emissions Management, Maze Environmental, Pipeline36, Equitable Origin, ERM, Clarke Valve and OGTECH – have adopted an all-in approach to methane emissions.
“Eliminating methane emissions from the oil and gas industry represents one of the best short-term ways of addressing climate change,” said OGCI Chair Bob Dudley, adding that he hopes to see other organizations join this ambitious effort as well.
H.E. Saad Sherida Al-Kaabi, who is Qatar’s Minister of State for Energy Affairs and the President and CEO of QatarEnergy said that signing up to the initiative is in line with the company’s Sustainability Strategy “and follows landmark steps that include signing the guiding principles on reducing methane emissions across the natural gas value chain and endorsing the Global Methane Pledge.”
Established in March 2020, the Aiming for Zero Methane Emissions Initiative is open with no financial cost to energy companies that explore, extract and/or produce oil or natural gas. Such companies can join as Signatories at no financial cost. Other companies that strive to make a positive impact by decreasing methane emissions in the oil and gas industries can sign up as Supporters.
All participants in the initiative agree to take actions to achieve methane neutrality, report transparently, adopt more effective technologies for measurement and monitoring and support the implementation of steady regulations.