Woodside joins majors in reducing methane emissions

Woodside joins majors in reducing methane emissionsImage courtesy of Woodside

Australian LNG player, Woodside, has joined a group of majors in signing guiding principles committing to reduce methane emissions from the natural gas assets it operates. 

The group includes BP, Eni, ExxonMobil, Gazprom, Repsol, Shell, Statoil, Total and Wintershall, and by signing the guiding principles, Woodside aims to encourage others across the natural gas value chain to do the same.

This commitment forms part of wider efforts by the global energy industry to ensure that natural gas continues to play a critical role in helping meet future energy demand while addressing climate change, Woodside said in a statement.

Since natural gas consists mainly of methane, a potent greenhouse gas, its role in the transition to a low-carbon future will be influenced by the extent to which methane emissions are reduced.

The guiding principles focus on continually reducing methane emissions, advancing strong performance across gas value chains, improving the accuracy of methane emissions data, advocating sound policies and regulations on methane emissions, and increasing transparency.

The guiding principles were developed in collaboration with the Environmental Defense Fund, the International Energy Agency (IEA), the International Gas Union, the Oil and Gas Climate Initiative Climate Investments, the Rocky Mountain Institute, the Sustainable Gas Institute, The Energy and Resources Institute, and United Nations Environment.

Share this article

Follow LNG World News

Events>

<< May 2019 >>
MTWTFSS
29 30 1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30 31 1 2

LNG Pricing, Trading & Hedging Singapore

LNG Pricing, Trading & Hedging training program has been completed by hundreds of leading traders, analysts, risk managers…

read more >

CWC World Gas & Power Series – Brazil & the Americas Summit

Meet with the Gas, LNG & Power Industry in Brazil & the Americas

read more >

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

GIE Annual Conference 2019

The French gas infrastructure operators ELENGY, GRTgaz and Storengy are looking forward to be your hosts in 2019.

read more >