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.

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