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Methane Mitigation Summit Series
The largest global summit series on measuring, monitoring and mitigating methane emissions in the oil and gas industry
This week, COP29 kicks off in Baku, Azerbaijan. A key focus of COP29 will be on finance, as trillions of dollars are required for countries to drastically reduce greenhouse gas emissions and protect lives and livelihoods from the worsening impact of climate change. The conference will also be a key moment for countries to present their updated national climate action plans under the Paris agreement, which are due by early 2025. (Source: United Nations)
Another major topic is the US presidential election, and despite uncertainty, many associations and operators have stood firm in their climate commitments. A statement from Clean Air Task Force's (CATF) Executive Director, Armond Cohen, says: "Clean energy, innovation, clean air, and climate action are broadly popular across the country, and they can and must progress." The Executive Director adds CATF will 'defend gains made, assess the changed landscape, and find new ways of moving progress forward, with allies across the political and business spectrum'. (Source: Clean Air Task Force)
In another response made by the American Exploration & Production Council, they say: "Consistent with our Climate Policy and Principles, AXPC companies believe collaboration amongst policy makers and industry partners is needed to find solutions that will meaningfully drive down emissions, while allowing US independent producers to meet the global demand for affordable and reliable oil and natural gas." (Source: American Exploration & Production Council)
In the last few days, Commonwealth LNG and Kimmeridge Texas Gas (KTG) recently announced their time-bound commitment to obtaining MiQ certification for their natural gas operations, potentially setting a new standard for transparency and reduced emissions in the industry. The decision to certify reflects the global rise in demand for transparent, low-emission LNG, especially with new EU regulations becoming operationalized in 2025. (Source: MiQ - Methane Intelligence)
In other news, the OIES Gas Research Programme this week shared key takeaways from their recent presentation 'The Impact of the EU Methane Regulation on LNG Contracts', part of the 'Methane Emissions: EU Methane Regulation & Consequences for LNG' webinar.
Key takeaways concluded that the EU Methane Regulation is having a tangible impact on LNG sales to the EU, with buyers starting to take steps to ensure that their contracts comply with new regulatory requirements, the lack of a direct contractual relationship between importers and producers can have significant consequences, particularly in cases where sellers are unable to meet commitments that are beyond their control, and more. View all the key takeaways here. (Source: OIES Gas Research Programme)
OIES Research Fellow, Maria Olczak, will be participating in the panel, 'Navigating The Intersection of Energy Security and Emissions Reduction: EU Import Requirements, What Do They Mean?' at the upcoming Methane Mitigation Europe Summit. To find out more, visit the website here.
Stay tuned for bi-weekly updates regarding some of the latest advancements in the oil and gas industry with Methane Mitigation Insights!
Your Methane Mitigation Summit Updates
Methane Mitigation America December 3-5 | Houston, TX
With just three weeks to go until the Methane Mitigation America Summit takes place in Houston, we wanted to let you know that our final Early Bird offer to save $500* off your pass ends this Friday, November 15. To join us at this year's summit and hear insights into the ever--changing US regulatory landscape from the likes of Phillips 66, Duke Energy, California Resources Corporation, Gulfport Energy, Shell and more, secure your discounted place here. *Discount available on pass options for oil and gas operators
Methane Mitigation Europe February 25th - 27th | Amsterdam, NL
Ahead of the 3rd Annual Methane Mitigation Europe Summit, we caught up with Brandon Locke, Europe Policy Manager for Methane at Clean Air Task Force, and Cristina Lopez, Research and Development (R&D) Engineer at GRTgaz, for our latest interview, 'Preparing for the EU 2025 LDAR and Reporting Deadlines'. The interviewees offer exclusive insights on navigating Europe's regulatory changes, implementing best practices in training and cost management, and using technology to meet regulatory and company goals. Download your copy today to find out more.
Methane Mitigation: Technology & Innovation Summit June 2-4, 2025 | Austin, TX
We look forward to returning to the Hyatt Regency Lost Pines Resort & Spa from June 2-4, 2025 for the Methane Mitigation: Technology & Innovation Summit, following a successful iteration earlier this year. Our agenda is expected to be released at the start of 2025, with more information to soon follow. In the meantime, be sure to check out the 2024 highlights reel.
Content of the Week ??
Episode 15 of Methane Talks: OLADE’s Role in Driving Methane Mitigation in Latin America
In conversation with Gaston Siroit, Technical Advisor to the Executive Secretary - OLADE and María Alejandra Garzón Sánchez, Technical Specialist - Methane Emissions Observatory of Latin America and the Caribbean – OEMLAC.
Listen as the podcast guests delve into Latin America's coordinated efforts to tackle methane emissions, highlighting the role of governments, NGOs, and private sector partners in driving methane mitigation initiatives. Gaston outlines OLADE's role in technical advisory and policy coordination, while María Alejandra shares insights on OMELAC’s roadmap, which focuses on supporting countries with technical assistance and standardizing emission inventories.
The Methane Mitigation Summit Series has welcomed hundreds of the oil and gas industry’s leading professionals from across the globe since December 2022.
Action on methane is of the most effective steps the energy sector can take to mitigate climate change. Global methane emissions from fossil fuel operations increased by close to 5% in 2021. Under the Net Zero Emissions by 2050 Scenario, total methane emissions from fossil fuel operations must fall by around 75% between 2020 and 2030. Rapidly reducing methane emissions from the oil and gas sector is essential and companies must look to maximize methane mitigation strategies while meeting the global demand for affordable and reliable oil and natural gas.
With insights from the world's leading oil and gas operators, NGOs, academics, government representatives, and more, the Methane Mitigation Series has seen an immersive exploration of the latest tools, strategies and opportunities for reducing emissions across operations, and quickly become the go-to event for those looking to reduce oil and gas methane emissions.