The Middle East and North America combined account for almost half of global methane emissions from upstream oil and gas activities, the consultancy adds, followed by Asia, Russia and Africa.
South America and Europe appear to have relatively moderate methane emissions compared to other upstream oil and gas producing regions. But Europe’s heavy reliance on imported oil and gas, which comprises about 80% of its consumption, results in a substantial methane footprint.
Under EU regulations, starting January 2027, new contracts for imported oil, gas and coal may only be concluded if exporters comply with the same monitoring, reporting and verification obligations as EU producers. These regulations will also set methane thresholds to determine the acceptability of hydrocarbon imports into the EU.
Magnus Kjemphol Lohne, senior vice president of global emissions research at Rystad, said, “Scarce and low-quality methane data is one of the key challenges to curb methane emissions. The trend over the past couple of years has been positive as more operators deploy onsite methane monitoring equipment and use other measurement technologies such as aviation and satellites—but even so, most reported data is still based on simple emission factors for facilities and equipment located on site. Addressing the critical hurdle of limited and unreliable methane data is vital in unlocking progress for reducing methane to near zero in the short and medium term.”
01.11.2024