The European Commission (EC), Japan, the United States (U.S.), the Republic of Korea and Australia have signed a joint statement which reinforces their efforts towards the reduction of methane emissions arising across the values chain of LNG, from production to consumption.
The joint statement by EC and its global partners was signed on 18 July at the LNG Producer-Consumer conference, co-organised by Japan and the IEA’s Task Force on gas and clean fuels market monitoring and supply security (TFFS).
According to EC, this initiative builds on existing cooperation between the EU and other global leaders on methane abatement across the natural gas value chain.
The EU continues tackling methane emissions, spearheading the Global Methane Pledge and the Joint Declaration from Energy Importers and Exporters on Reducing Greenhouse Gas Emissions from Fossil Fuels alongside the U.S. , while implementing the EU Methane Strategy at the EU level.
By signing the joint statement, the EC reaffirms its commitment to taking action on reducing methane emissions in the LNG supply chain on a number of fronts including through
Reducing methane emissions, including in the energy sector is one of the priorities of the European Green Deal which aims to make Europe climate neutral by 2050. Furthermore, in the short to medium term, LNG imports from trusted global partners remain a key component of ensuring Europe’s energy security under the REPowerEU plan. In this policy context, reducing the methane emissions associated with the natural gas value chain is a priority of the EU’s energy and climate objectives.