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ISSN 2753-7757 (Online)

Can the oil and gas sector abate methane emissions?

1/6/2022

6 min read

White gas pipelines with a background of blue sky Photo: DNV
Independent, transparent certification standards can be a ‘third way’ between voluntary action and regulation to drive global methane emissions reduction

Photo: DNV

Methane emissions from the oil and gas sector are an immense challenge, but they can also be an exciting opportunity. Georges Tijbosch, CEO of MiQ, explains how independently certified gas can accelerate methane abatement in the oil and gas industry.

Methane emissions are one of the most significant drivers of climate change. With a global warming potential 84 times greater than CO2 over a 20-year time frame, the time to manage methane is now.

 

The oil and gas industry emits the equivalent of 7bn tonnes of CO2 each year, equal to eight times the emissions from the global aviation sector, or all the CO2 emissions from the world’s cars and trucks.  

 

Fortunately, the industry has the tools to abate up to 5.7bn tonnes by 2030. This would get us 17% of the way to halving global annual greenhouse gas emissions by 2030, the equivalent of taking 1.2bn polluting cars off the road.

 

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