Woodside plans to almost eliminate methane emissions by 2030

Australian LNG producer Woodside has joined an industry-led initiative that aims to reach near-zero methane emissions from its operated oil and gas assets by 2030.

Woodside said in a statement it is the first Australasian company to join the Aiming for Zero Methane Emissions Initiative .

LNG producing giant QatarEnergy also joined the initiative in June, becoming the first to join the group outside its twelve existing signatories.

The twelve companies include Aramco, BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell, and TotalEnergies.

The OGCI member CEOs launched this initiative in March this year.

By signing the initiative Woodside is committing to striving to reach near-zero methane emissions from its operated assets by 2030, it said in the statement.

Woodside has committed to reducing its net equity Scope 1 and 2 greenhouse gas emissions by 15 percent by 2025 and 30 percent by 2030.

The company’s CEO Meg O’Neill said in the statement that signing the initiative built on the company’s existing emissions targets.

“Woodside’s historic focus on managing methane emissions means that we are already at less than 0.1 percent of our production by volume – well below the OGCI’s 2025 methane intensity target of below 0.2 percent,” she said.

“Looking forward we are further refining methane action plans for our operated assets and trialing quantitative measurement of methane emissions,” O’Neill said.

Most Popular

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Great Lakes clinches Louisiana LNG dredging gig

US firm Great Lakes Dredge & Dock has secured a dredging contract from compatriot Bechtel for dredging work on Woodside's Louisiana LNG project.

Woodside, Stonepeak wrap up Louisiana LNG stake sale

Australian LNG player Woodside has completed the previously announced sell-down of a 40 percent stake in its Louisiana LNG project to US private equity firm Stonepeak.

Woodside, Jera ink non-binding winter LNG supply deal

A unit of Australian LNG player Woodside and Japan's Jera have entered into a non-binding heads of agreement for the sale and purchase of LNG cargoes during Japan’s peak winter period.

Woodside inks non-binding LNG supply deal with Petronas

Australia's Woodside has signed a non-binding heads of agreement with Malaysia's Petronas to supply the latter with liquefied natural gas (LNG) from its global portfolio. The deal may include supplies from Woodside's Louisiana LNG project in the US.