Energy Companies Commit to Further Reduce Methane Emissions in NatGas Industry

Several energy companies have committed to further reduce methane emissions from their natural gas assets and are encouraging other across the natural gas chain to do the same, from production to final consumer.

BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total, and Wintershall have made this commitment as part of wider efforts to ensure that natural gas continues to play a critical role in energy demand while also addressing climate change by reducing natural gas' main greenhouse gas methane.

The companies signed a Guiding Principles document, committing to continually reduce methane emissions, advance strong performance across gas value chains, improve the accuracy of methane emissions data, increase transparency, and more.

The Guiding Principles document is a framework for companies across the natural gas value chain that will help efficiently reduce methane emissions while meeting energy demand and several environmental goals. It was developed in collaboration with several organizations including the Environmental Defense Fund, the United Nations Environment, and the International Energy Agency.

Source:
PennEnergy