QP Targets 25% Cut in LNG Emissions
Qatar Petroleum (QP) is targeting a 25% reduction in the emissions intensity of its LNG facilities by 2030 as part of its new sustainability strategy, the state-owned company said on January 13.
The world's leading LNG exporter also aims to bring down emissions at its upstream facilities by at least 15% and cut flaring intensity by over 75% by the end of this decade. The baseline for these reductions is 2013.
QP is also striving to eliminate routine flaring by 2030 and limit fugitive methane emissions along the gas value chain by setting a methane intensity target of 0.2% across all facilities by 2025.
CEO Saad Sherida Al-Kaabi said the strategy represented a "bold commitment with clear goals and milestones that ensure we embed sustainability considerations into the way we plan and manage our entire business and operations." It will "shape our actions and the way we operate over the next decade," he said.
The three pillars of the strategy are climate mitigation, operational responsibility and social and economic development, QP said.
Al-Kaabi said in December that QP was aiming to capture and store some 7mn mt/yr of CO2 from its LNG facilities by 2027. The company meanwhile plans to expand its LNG production capacity from 77mn metric tons/year to 126mn mt/yr over the next decade.
QP is also including environmental considerations in some of its supply contracts. In November last year it signed a 10-year deal to supply 1.8mn mt/yr of LNG to Singapore's Pavilion Energy that included criteria aimed at reducing greenhouse gas emissions.