Decarbonisation Technology May 2022 Issue

LNG and pipeline imports

LNG and pipeline exports

Flare/vent

Inlet separator

Lease separator

Gas processing plant

Raw (wet natural gas

Pipeline natural gas

Main line sales

Electric power

Oil/ gas well

Industry

Reinjection

Natural gas plant liquids (NGPL) in mix

Crude oil

Storage

Commercial

Water, sand, inert gases

Resource

Local disribution company

Residential

Fractionator

Transport

NGPL purity products

LNG peaking storage

Figure 8 Natural gas value chain

Source: US Energy Information Agency (US EIA, 2018)

3 emissions arising during the combustion of methane by the end user are not included in the OGMP framework. The Global Methane Alliance (GMA) is a Climate and Clean Air Coalition (CCAC) initiative that encouraged governments to explicitly include methane as part of their overall GHG reduction targets in their Nationally Determined Contributions in the lead-up to COP26. OGMP 2.0 builds on the reduction targets established in the GMA. The Clean Air Task Force, a partner to GMA, provides technical and policy assistance to countries committed to reducing methane emissions (CATF, 2022).  Oil and Gas Climate Initiative (OGCI) OGCI is a CEO-led industry initiative launched in 2014 to take practical actions on climate change. Reducing methane emissions is a priority area for OGCI, with the objective to achieve near-zero methane emissions across the oil and gas industry and along the full value chain. All OGCI members commit to reducing their methane intensity target to well below 0.20% by 2025. OGCI members report progress annually, and over the last five years reduced their aggregated methane emissions by more

than 30%. In March 2022, this commitment was strengthened via the Aiming for Zero Methane Emissions initiative (see Figure 7 ). Signatories strive to reach near-zero methane emissions from operated oil and gas assets by 2030. OGCI encourages all oil and gas companies to join this initiative.  Methane Guiding Principles (MGP) An industry initiative managed by OGCI, MGP prioritises actions on the natural gas supply chain, from production to the final consumer (see Figure 8 ), (MGP, 2022). MGP signatory companies commit to reporting publicly on progress with five MGPs:  Continually reduce methane emissions  Advance strong performance across the gas supply chain  Improve accuracy of methane emissions data  Advocate sound policy and regulations on methane emissions  Increase transparency MGP provides 10 Best Practice Guides and a Best Practice toolkit with the reporting framework. The website https:// methaneguidingprinciples.org/reporting/ gives