Methane is a potent greenhouse gas that has become key to addressing climate warming. Both governments and oil and gas operators have been taking action in ever greater numbers to reduce methane emissions in line with the Paris agreement. Central to these efforts will be more accurately measuring methane emissions – to ensure policy makers have data that drives methane mitigation and that investors have the data they need to manage risks. Furthermore, as interest in 'green gas’ increases, certification of methane emissions may increasingly become a condition of access to some international oil and gas markets, and a further stimulus for real, measured and verifiable emission reductions.
Measuring methane, though, is a challenging business, with information used to track methane emissions today often based on operational data, not measurement. However, advanced technologies, including new satellite, aircraft and fixed monitoring capabilities are now enabling measurement at an unprecedented scale. ‘Keeping methane in the pipe’ is the priority for the gas sector, but how can the challenges of measuring methane emissions be addressed? How does methane measurement work, and how should companies combine technology and data to drive change across their operations? And is the shift from using emissions factors to using source emissions data from advanced technology helpful or about to cause more confusion for stakeholders? How should we think about the balance between measuring methane and taking practical steps to manage emissions?
This exclusive Financial Times Dinner Briefing, held in partnership with Chevron, will bring together thought leaders, policy makers, investors and industry experts to discuss the complexities of methane measurement, and the solutions that are emerging to make achieving measurable reductions in methane emissions a reality across the global oil and gas industry.
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