MiQ, a global non-profit methane emissions certification provider, has launched the world’s first certification programme that enables a complete assessment of all greenhouse gas (GHG) emissions from the liquified natural gas (LNG) supply chain.
MiQ said its new framework tracks 100% of methane, carbon dioxide, and nitrous oxide emissions from every segment of the LNG supply chain, including production, gathering and boosting, processing, pipeline, liquefaction, shipping, and regasification.
It pointed out that the GHG Standard gives importers the power to compare exporters using one common framework, so, ultimately, buyers can reduce their Scope 3 emissions while driving pricing signals needed to incentivise investments from producers and exporters.
Georges Tijbosch, CEO of MiQ, said: “We are witnessing a significant spike in demand for LNG, especially in Europe and Asia, elevating concerns about the lack of transparency on emissions. Our comprehensive GHG framework signifies significant progress toward reducing unnecessary upstream and Scope 1 and 2 LNG emissions to near zero, as we transition to a renewable energy future.”
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