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QatarEnergy to eliminate methane footprint by 2030

The new brand name and logo of Qatar Energy is revealed during a press conference in Doha on October 11, 2021 [KARIM JAAFAR/AFP via Getty Images]
The new brand name and logo of Qatar Energy is revealed during a press conference in Doha on October 11, 2021 [KARIM JAAFAR/AFP via Getty Images]

QatarEnergy has joined the "Aiming for Zero Methane Emissions Initiative", an industry-led initiative that aims to reach near zero methane emissions from operated oil and gas assets by 2030, Reuters reports.

According to the report, the initiative adopts an all-in approach that treats methane emissions as seriously as the industry treats safety. It supports the implementation of sound regulations to tackle methane emissions and encourages governments to include methane emissions reduction targets as part of their climate strategies.

QatarEnergy is the first company to join the initiative outside its twelve existing signatories: Aramco, BP, Chevron, CNPC, Eni, Equinor, ExxonMobil, Occidental, Petrobras, Repsol, Shell and TotalEnergies.

H E, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the President and CEO of QatarEnergy, said: "By being the first company to join the "Aiming for Zero Methane Emissions Initiative" outside its twelve existing signatories, we are reaffirming Qatar's priorities and commitments with regards to the climate change agenda, and its unwavering support to the global effort to reducing emissions, including methane."

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Bob Dudley, Chair of the OGCI, said: "We are proud to welcome QatarEnergy, one of the world's largest integrated energy providers, to the "Aiming for Zero Methane Emissions Initiative"."

"Recognising that eliminating methane emissions from the oil and gas industry represents one of the best short-term ways of addressing climate change, I encourage others to join this ambitious effort to eliminate the oil and gas industry's methane footprint by 2030," Mr. Dudley added.

The "Aiming for Zero Methane Emissions Initiative" was launched in March 2022 by the OGCI member CEOs. All energy companies involved in the exploration, extraction and/or production of oil or natural gas can join as Signatories at no financial cost.

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