BAKU, Azerbaijan, March 3
By Leman Zeynalova - Trend:
US-based Exxonmobil company has named four main requirements for reducing methane emissions, Trend reports with reference to the company.
“To achieve meaningful reductions in methane emissions, regulations should address and include four primary requirements: Leak detection and repair programs across oil and gas infrastructure; Minimization of venting; Operational equipment controls; Record keeping and reporting to support agency enforcement,” said the company, as it released a model framework for industry-wide methane regulations.
The ExxonMobil model framework is based on its voluntary methane reduction program, which involves prioritized replacement of components with a high-leak potential at production sites, technology enhancements to infrastructure and substantial data gathering and research.
More comprehensive than current federal rules, the proposed regulations would apply to new and existing sources. The company has reduced methane emissions from its US unconventional operations by 20 percent since 2016 and remains on track to reach its target of 15 percent reductions across the company.
ExxonMobil supports the Methane Guiding Principles for reducing methane emissions across the natural gas value chain, which were signed in 2017. The guiding principles are being implemented in collaboration with many stakeholders, including the Environmental Defense Fund, the International Energy Agency, the International Gas Union, the Oil and Gas Climate Initiative Climate Investment Fund, the Rocky Mountain Institute, the Sustainable Gas Institute, the Energy and Resources Institute and United Nations Environment.
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