LNG Producer, Atlantic is now a member of the United Nations Environmental Programme (UNEP) Oil and Gas Methane Partnership. This membership demonstrates Atlantic’s commitment to a sustainable global energy system by reducing its Greenhouse Gas (GHG) emissions and aligning to global standards of measurement and reporting.
Atlantic’s membership comes on the heels of last week’s Global Methane Pledge at COP28, which saw significant grant funding and national commitments to actions to deliver on the goal to cut methane by at least 30 percent by 2030.
Chief Executive Officer Ron Adams stressed the importance of Atlantic’s admission saying, “This membership directly aligns to our wider strategic goals around sustainability. It also reflects our understanding of climate change and the specific impact of methane emissions, while bringing us in line with other major oil and gas producers who have committed to reducing methane leaks to near zero by 2030. Additionally, it will support the larger national objective to cumulatively reduce greenhouse gases by 2030.”
The Oil & Gas Methane Partnership 2.0 (OGMP 2.0) is the flagship oil and gas reporting and mitigation programme for UNEP. It is the only comprehensive, measurement-based international reporting framework for the sector, and aims to improve the accuracy and transparency of methane emissions reporting. Atlantic joins over one hundred companies who have committed to the framework.
This partnership is in support of Atlantic’s current and planned initiatives towards proactively reducing GHG emissions through the pre-emptive detection of leaks, conducting repairs and making improvements in flare gas measurement and flaring efficiency.
Membership in OGMP 2.0 will allow Atlantic to continuously improve the accuracy of its reporting on methane emissions and responsibly manage them. It is also an opportunity for Atlantic to actively contribute to global conversations through the International Methane Emissions Observatory’s advisory council which drives action on methane reduction.
This latest membership highlights Atlantic’s position as a global player and demonstrates its ability to continue creating value for Trinidad and Tobago, as global demands grow for reliable energy with a lower emissions profile.
Atlantic is one of the world’s largest producers of LNG. Jointly owned by affiliates of Shell, BP, and The National Gas Company of Trinidad and Tobago, its cargoes are delivered to multiple worldwide destinations in Europe, USA, South America, Asia, and the Caribbean.