QatarEnergy today signed up to the Aiming for Zero Methane Emissions Initiative, joining the 12 member companies of the Oil & Gas Climate Initiative (OGCI) in a bid to achieve near-zero methane emissions from operated oil and gas assets by 2030.
Signatories of the industry-led initiative adopt an all-in approach that treats methane emissions as seriously as the industry already treats safety.
QatarEnergy joins 12 existing signatories – 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, Pipeline360, Equitable Origin, ERM, Clarke Valve and OGTECH as supporters.
OGCI Chair Bob Dudley 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.”
His Excellency Mr. Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs in the State of Qatar, the President and CEO of QatarEnergy, said: “By being the first company to join the Aiming for Zero Methane Emissions Initiative, we are reaffirming Qatar’s priorities and commitments with regards to the climate change agenda, and its unwavering support to the global effort to reducing emissions, including methane.
“This also falls in line with QatarEnergy’s recently announced 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.”
The Aiming for Zero Methane Emissions Initiative was launched in March 2022 by the CEOs of the OGCI member companies. All energy companies involved in the exploration, extraction and/or production of oil or natural gas can join as Signatories at no financial cost. Other organizations striving to have a positive influence on reducing methane emissions from the oil and gas industry can join as Supporters.
Companies joining the Initiative agree to do what it takes to reach near zero methane emissions in their operations, reporting transparently, adopting better monitoring and measurement technologies and supporting the implementation of sound regulations.