QatarEnergy joins initiative seeking to eliminate methane footprint by 2030
27 June 2022, 12:00 AM
31 July 2022, 12:00 AM
QatarEnergy has joined the Aiming for Zero Methane Emissions Initiative, an industry-led initiative that aims to reach near zero methane emissions from operated oil and gas assets by 2030.
QatarEnergy is the first company to join the initiative outside its twelve existing signatories: Aramco, bp, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.
The Aiming for Zero Methane Emissions Initiative was launched in March 2022 by the OGCI member CEOs. All energy companies involved in the exploration, extraction and/or production of oil or natural gas can join as Signatories at no financial cost.
The initiative adopts an all-in approach that treats methane emissions as seriously as the industry treats safety. It supports the implementation of sound regulations to tackle methane emissions and encourages governments to include methane emissions reduction targets as part of their climate strategies.
On this occasion, Bob Dudley, Chair of the OGCI, said: “We are proud to welcome QatarEnergy, one of the world’s largest integrated energy providers, to the Aiming for Zero Methane Emissions Initiative.”
“Recognizing that eliminating methane emissions from the oil and gas industry represents one of the best short-term ways of addressing climate change, I encourage others to join this ambitious effort to eliminate the oil and gas industry’s methane footprint by 2030,” Mr. Dudley added.