A new collaboration between two leading organizations is set to rapidly reduce damaging methane emissions from the production and transport of liquefied natural gas (LNG).
The venture will see the development of a first-of-a-kind independent standard for determining the methane emissions of global LNG, providing buyers with the transparency they need to accurately assess and compare the methane emissions performance of every batch of LNG.
MiQ, the independent, not-for-profit partnership between RMI and SYSTEMIQ, has already developed a world-first certification model to intensify methane abatement across the oil and gas sector, starting with upstream production.
The group will now extend the MiQ Standard to the LNG supply chain through a collaboration with Carbon Limits – a diverse team of engineers, economists, and policy experts with strong expertise and extensive experience on GHG mitigation in the oil and gas sector.
The move will create the first independently audited certification standard for LNG this summer, aiming to tackle the environmental impacts of methane emissions head on. Certification will be done on an asset basis to ensure accuracy, offering certainty on environmental performance.
Courtesy of MiQ.