Page 9 - NorthAmOil Week 19 2022

NorthAmOil ENERGY TRANSITION NorthAmOil

Gas firms call for US, EU to work on global

methane measurement standard

US-EU A group comprising over 50 natural gas compa- years some member states have scrutinised LNG
nies in the US has called on the White House and import contracts with US suppliers because of
the European Commission to establish a unified concerns about methane emissions.
global standard for quantifying methane emis- ONE Future was formed in 2014, and its
sions across the industry’s value chain, from the members committed to achieving less than 1%
wellhead to the burner tip. methane emissions intensity by 2025.
Members of the group, One Nation’s Energy “No other nation or collection of companies Members of
Future (ONE Future), account for 19% of US gas can credibly claim emissions performance that
production, 56% of the country’s pipeline mile- approaches that of our member companies,” the group, One
age and 40% of natural gas delivered. They have Kibler said in the letter. “We have proven that our
urged the US and the EU to come up with a uni- performance-based approach to reducing meth- Nation’s Energy
versal standard for measure, reconciliation and ane emissions works by deploying it at scale and
verification of emissions, according to a copy of with demonstrable results.” Future (ONE
an April letter addressed to government officials Recent years have seen the rise of certi- Future), account
that was seen by Natural Gas Intelligence. fied low-emissions natural gas in the US, and
“ONE Future welcomes the recent US-Eu- supporters say this will be key for US LNG to for 19% of US
ropean Commission natural gas agreement, demonstrate its value as a means of curbing
and strongly supports the emphasis on low emissions overseas, particularly in markets gas production.
emissions,” the group’s executive director Jim where natural gas can displace coal.
Kibler said in a statement. “To this end, ONE “American natural gas is already the safest,
Future would like to work with your preferred cleanest, most efficient and most advanced
points of contact to develop a new global natural gas value chain in the world,” Kibler
measurement, reconciliation and verification said. “Our member companies, who are with-
standard to ensure the delivery of low-emis- out doubt at the leading edge of transforming
sion natural gas.” our value chain, believe that American nat-
The US pledged to supply an additional 15bn ural gas can and should do more to stabilise
cubic metres of LNG to the EU this year, to help world energy markets, protect the climate,
the bloc wean itself Russian imports in the wake and provide affordable, safe and secure energy
of Moscow’s invasion of Ukraine. But in past in the world.”™

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