Abu Dhabi, UAE— Abu Dhabi National Oil Company (ADNOC) announced on Monday that it has set a new Upstream Methane Intensity target of 0.15 percent by 2025, which is the lowest in the Middle East.
ADNOC’s 0.15 percent methane intensity target means ADNOC will be ranked in the Gold Standard category by the Oil and Gas Methane Partnership 2.0 (OGMP 2.0), a multi-stakeholder initiative launched by the United Nations Environment Program (UNEP) and the Climate and Clean Air Coalition.
It is the only comprehensive, measurement-based reporting framework for the global oil and gas industry that improves the accuracy and transparency of methane emissions reporting.
Abdulmunim Saif Al Kindy, Executive Director, People, Technology & Corporate Support Directorate at ADNOC, said, “Today’s announcement reinforces ADNOC’s status as an industry leader in efficiently reducing methane emissions, as part of our commitment to provide the energy for sustainable and economic development.”
The announcement of the 0.15 percent methane intensity target coincided with the publication of the UNEP’s 2022 International Methane Emissions Observatory (IMEO) on the opening day of Abu Dhabi International Petroleum Exhibition Conference (ADIEPC), one of the world’s largest energy industry events, in Abu Dhabi.
Over 80 companies with assets on five continents, representing a significant share of the world’s oil and gas production, have joined the OGMP 2.0 partnership. Its members also include operators of natural gas transmission and distribution pipelines, gas storage capacity and LNG terminals. ADNOC signed up to the OGMP 2.0 partnership in 2020.
Methane abatement is critical to the energy transition, given its higher warming potential compared to carbon dioxide. Methane emissions from the oil and gas sector come from a variety of operational activities across the value chain, making it important to identify, quantify and reduce these emissions and improve on limitations in the required technologies. According to the International Energy Agency reducing methane emissions from oil and gas production would slow the rate of global warming in a cost-effective and secure manner as efforts continue to decarbonize the energy system.
