GIE and MARCOGAZ join natural gas industry leaders to combat methane emissions
GIE and MARCOGAZ have become Supporting Organisations to the Methane Guiding Principles, highlighting their commitment and increased focus on reducing methane emissions across the natural gas value chain.
While GIE and MARCOGAZ do not have a mandate to enjoin their members, as Supporting Organisations they will nevertheless play an important role in encouraging the application of the Guiding Principles.
This commitment forms part of wider efforts by the global energy industry to ensure that natural gas continues to play a critical role in helping meet future energy demand whilst contributing significantly to mitigating climate change and improving air quality. Since natural gas consists mainly of methane, a greenhouse gas, its role in the transition to a low-carbon future will be influenced by the extent to which methane emissions are reduced.
The initiative commenced in November 2017, when eight companies signed a set of Guiding Principles on Reducing Methane Emissions across the natural gas value chain. The Guiding Principles were developed collaboratively by a coalition of industry, international institutions, non-governmental organisations and academics.
Since then, the Coalition has grown to 30 signatories and supporting orgnaisations, including GIE and MARCOGAZ, all of which are committed to a single clear goal of reducing methane emissions across the natural gas sector.
The Supporting Organisations are the Environmental Defense Fund, International Energy Agency (IEA), International Gas Union, International Association of Oil&Gas Producers, IPIECA1, Oil and Gas Climate Initiative, Rocky Mountain Institute, Sustainable Gas Institute, Energy and Resources Institute and United Nations Environment (UNEP).
Francisco de la Flor, GIE Board Member states that:
'GIE is fully dedicated to reducing GHG emissions and embraces all initiatives that effectively contribute to this. We proudly join this initiative of methane emissions mitigation by becoming a Supporting Organisation of the Methane Guiding Principles.
By this, we enhance our commitment to continuously support all efforts that focus on measuring, documenting and reducing methane emissions as part of the European goal of achieving the Paris Targets.'
The Guiding Principles are:
Continually reduce methane emissions
Advance strong performance across gas value chains
Improve accuracy of methane emissions data
Advocate sound policy and regulations on methane emissions
The signed documents are available at :
1Originally the International Petroleum Industry Environmental Conservation Association
Note to editors
Gas Infrastructure Europe (GIE) is an association representing the interests of gas infrastructure operators active in gas transmission, storage and LNG regasification. GIE is a trusted partner of European institutions, regulatory bodies and industry stakeholders. It is based in Brussels, the heart of European policymaking.
GIE currently represents 70 member companies from 26 countries. Its internal structure has three columns corresponding to the three types of infrastructure activities represented: GTE (Gas Transmission Europe), GSE (Gas Storage Europe) and GLE (Gas LNG Europe), all of which fall under the umbrella of GIE. This structure allows member companies to speak with one voice on infrastructure topics as well as to build positions on column-specific issues. To find out more about GIE's structure and activities, please visit the website at www.gie.eu.
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