Page 12 - NorthAmOil Week 42 2022

NorthAmOil NEWS IN BRIEF NorthAmOil

value chain, utilising each participant’s comprehensive, measurement-based reporting mature in September 2026. The term loan
technical expertise in production, operational framework intended to improve the accuracy was converted to a sustainability-linked
experience, storage, distribution, and export and transparency of methane emissions loan, which highlights EPIC’s continued
logistics. Collectively, the consortium reporting in the oil and gas sector. Cheniere commitment to a sustainable future. The
will bring capabilities and expertise in air joins OGMP 2.0 as part of the company’s proceeds were used to refinance existing debt
separation technology, hydrogen technologies, continued commitment to increased climate and for general corporate purposes.
lower carbon intensity and renewable transparency and data-driven actions that The term loan has received a second party
natural gas, carbon capture and storage address methane emissions. opinion from Sustainable Fitch confirming
(CCS), electrolysis-based technologies, and Joining OGMP 2.0 is consistent with and it has been structured in line with the LSTA
petrochemicals. enhanced by Cheniere’s climate strategy Sustainability-Linked Loan Principles. The
Specifically, the consortium will assess initiatives, including the Company’s sustainability performance target aims to
the potential for producing hydrogen using collaborative programs to quantify, monitor, reduce releases by 25% compared to the
natural gas with CCS and renewable hydrogen report, and verify (QMRV) greenhouse baseline across the Company and affiliated
via electrolysis to supply end-use markets, gas (GHG) emissions across the supply entities EPIC Crude and EPIC Y-Grade.
including the ammonia, petrochemicals, chain with natural gas suppliers, midstream The EPIC asset portfolio includes 1,695
power, and mobility markets. companies, shipping companies, and miles of pipeline that is monitored around
If development proceeds, the project could academic institutions. Cheniere has initiated the clock by a fibre-optic leak detection
leverage existing advantages along the Gulf the QMRV programme to begin measuring system. EPIC’s fibre-optic-based supervisory
Coast, including pipeline infrastructure, to GHG emissions at its Sabine Pass and Corpus control and data acquisition (SCADA) and
supply lower carbon and renewable hydrogen Christi liquefaction terminals, as well as communications combined with distributed
to local industrial clusters. Likewise, ammonia natural gas transmission facilities, consistent acoustic systems (DAS) intrusion and leak
infrastructure could support exports to both with the OGMP 2.0 reporting framework. detection technology enhances pipeline
Europe and the Asia Pacific region. Cheniere also announced it has begun safety and efficient operations throughout the
AIR LIQUIDE, CHEVRON, LYONDELLBASELL issuing Cargo Emissions Tags (CE Tags) to its life of EPIC’s pipeline systems. Fibre-optics
AND UNIPER SE, October 19, 2022 customers, which estimate GHG emissions technology enables quick delivery of data
associated with each cargo produced by for operational decision-making and helps
Cheniere joins UNEP’s Cheniere, underpinned by the company’s prevent or dramatically reduce the effects
of a pipeline incident by transmitting key
peer-reviewed GHG life cycle analysis.
Oil and Gas Methane CHENIERE ENERGY, October 19, 2022 information in real time.
“EPIC operates its assets with a focus on
Partnership 2.0 EPIC Midstream announces protecting the environment while providing
a safe and reliable transport service to ensure
Cheniere Energy, the largest US producer of offering of its first access to energy for the entire world,” said
liquefied natural gas (LNG), today announced Brian Freed, the company’s chief executive
that it has joined the Oil and Gas Methane sustainability-linked loan officer. “The bond offering highlights our
Partnership (OGMP) 2.0, the United Nations continued focus on sustainability efforts.”
Environment Programme’s (UNEP) flagship EPIC Propane Pipeline has closed on an EPIC PROPANE PIPELINE, October 19, 2022
oil and gas methane emissions reporting amendment and extension of its term loan
and mitigation initiative. OGMP 2.0 is a with Riverstone Credit Partners that will

P12 www. NEWSBASE .com Week 42 20•October•2022