Ian Moore’s Post

The European Union's new Methane Regulation (EUMR) is set to significantly impact natural gas exporters. The regulation mandates stringent monitoring, reporting, and verification (MRV) requirements, creating challenges but also opportunities for U.S. exporters. MiQ’s certification framework offers a comprehensive solution to meet these new demands. By certifying over 20% of U.S. onshore natural gas production, MiQ ensures that producers are compliant with the EUMR, providing transparency and credibility. Don’t miss out on staying compliant and competitive. Learn more about how MiQ and CG Hub can help you navigate these changes: hashtag #NaturalGas https://lnkd.in/gaSjMqD2

The new European Union methane regulations (EUMR) have real potential to drive down upstream methane emissions from LNG imports. It is also a complicated set of rules and have significant implications for the natural gas and LNG sectors. Here's a summary that spells out key elements of the EUMR, potential impacts on the LNG sector, and how MiQ - Methane Intelligence's certification framework can provide a path forward to both drive down methane emissions and facilitate compliance with the regs. https://lnkd.in/g7rT9nd9

⚠️ There is a real risk that the new EU Methane Regulation will negatively impact the supply of LNG to Europe. ⚠️ This impacts both existing (yes, existing, including that one you signed 15 years ago) and new agreements supplying LNG to Europe. For a better understanding of the potential impact on the LNG industry, please check out my article below. #lng #lngindustry #methane #energy

On 15 July 2024, “Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the #energy sector and amending Regulation (EU) 2019/942” (the "EU Methane Regulation”) was published in the Official Journal, and consequently entered into force on 4 August 2024. Recognizing methane’s significant contribution to climate change, being second only to carbon dioxide, the EU Methane Regulation is the European Union’s attempt to “take the lead” on efforts to reduce methane emissions. The EU Methane Regulation includes wide-ranging measures that will impact those with #gas, #oil or #coal operations in the EU (including LNG facilities in the EU). However, the EU Methane Regulation also includes measures applying to coal, oil and natural gas produced outside the EU but placed on the EU market by importers. Baker Botts partner Alex Kerr discusses the measures applying to entities importing hydrocarbons into the EU, and specifically those importing #LNG. This article also considers several material concerns, including the risk that these new rules could negatively impact the supply of LNG to Europe. Learn more: https://okt.to/qAb9BF

On 15 July 2024, “Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector and amending Regulation (EU) 2019/942” was published in the Official Journal, and consequently entered into force on 4 August 2024. Baker Botts partner Alex Kerr discusses the measures applying to entities importing hydrocarbons into the EU, and specifically those importing #LNG. This article also considers several material concerns, including the risk that these new rules could negatively impact the supply of LNG to Europe. Read it here: https://lnkd.in/eeU2awV8

National oil companies produce half of the world’s oil and gas but have lagged on methane reductions. These companies need guidance, technical support, and capacity building to cut methane. A few case studies show this can be done.

🟢 New #report from Coalition for LNG Emission Abatement Toward Net Zero (CLEAN) shows an overwhelming majority of Japanese and Korean Liquefied natural gas (LNG) imports are covered by OGMP 2.0 methane emission reporting. ➡️ As OGMP 2.0 companies transition to more granular measurement-based reporting, importers, customers and policymakers will be empowered with a more accurate view of supply chain emissions. 🔴 Gas buyers have unique influence as they negotiate future LNG import contracts and as contracts are operationalized. Data from UN Environment Programme's IMEO and OGMP 2.0 on supply chain emissions will provide the insights needed to guide decision making. ➡️ Korea and Japan are the second- and third-largest buyers of LNG and together account for over a quarter of the world's LNG imports. Both markets are positioned to exercise agency and drive methane mitigation with credible data. ➡️ The report comes on the heels of news of 20 major LNG buyers joining the CLEAN Initiative, showing critical momentum is growing for transparency and methane cuts across the LNG supply chain. Full report: https://lnkd.in/dBnQxYwR More about OGMP 2.0: https://lnkd.in/e2rfrBmU #CutMethane

Methane Emissions: Is MiQ Certification a solution to meet energy importer requirements? 📄 The recently approved #MethaneRegulation (EUMR: https://lnkd.in/dT2s72VQ) brings significant information collection, reporting, and verification challenges for oil and gas producers, exporters and importers. 📝 🔍 MiQ - Methane Intelligence has pioneered the use of Independently Certified Gas (ICG) to accelerate the wholesale reduction of methane emissions across the natural gas supply chain, including production and liquefaction activities. Today, MiQ is currently certifying over 20% of U.S. onshore natural gas production, using measurement-informed data as required by OGMP 2.0 standards and utising a third-party verification process. In other words, producers currently certifying under the MiQ standard could already be in compliance with the EUMR requirements. 📢 In a recent publication, they describe the functioning of the certification system. "The MiQ certification system is designed to address this. Upon asset certification, MiQ provides the operator with one digital certificate for every mmbtu of gas produced at that site. The certificates not only provide information about the environmental attributes associated with the certification of that asset (i.e., methane performance) they also allow for a chain of custody. As the gas moves through the supply chain and is bought and sold, the certificates will similarly be bought and sold. Where a certificate may have a new owner, it will maintain the environmental attribute information. As a result, the certificate is a physical record of the methane performance information of the production site – providing a clear pathway for both the U.S. LNG exporter and the European importer to satisfy the EUMR reporting requirements for production level emissions data" 👉 If recognized by European bodies, and accepting #massbalancing principles in interconnected pipeline systems, voluntary certification systems such as MiQ could be a solution to improve the carbon footprint associated to the import of gases, by incentivizing producers and exporters to adopt methane emission reductions outside of the European Union #MRV #methaneemissions #LNG #naturalgas

🌍🔗 As the #EuropeanUnion implements stringent new #methane #regulations targeting #emissions across the oil, natural gas, and coal sectors, it's crucial for #Kazakhstan to assess the ramifications for our national energy strategies, especially given our role as a major global energy supplier, as these rules will impact not only #EU imports but also have significant implications for us. For a deeper dive into how these new #EU regulations affect global LNG exporters and what it means for countries like ours, check out this insightful analysis from Center for Strategic and International Studies (CSIS) Energy Security and Climate Change Program experts Ben Cahill and Hatley Post Read the full article here: https://lnkd.in/eimjHUZe Chapter Zero Kazakhstan #MethaneRegulations #SustainableEnergy #Kazakhstan

On 15 July 2024, “Regulation (EU) 2024/1787 of the European Parliament and of the Council of 13 June 2024 on the reduction of methane emissions in the energy sector and amending Regulation (EU) 2019/942” was published in the Official Journal, and consequently entered into force on 4 August 2024. Baker Botts partner Alex Kerr discusses the measures applying to entities importing hydrocarbons into the EU, and specifically those importing #LNG. This article also considers several material concerns, including the risk that these new rules could negatively impact the supply of LNG to Europe. Read it here: https://lnkd.in/egKDm9dm