The concerted efforts of The National Gas Company of Trinidad and Tobago Limited (NGC) to address and report on methane emissions from its business, have led to the company’s achievement of Gold Standard status of reporting under the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0). This achievement – attained by companies with clearly elaborated targets to reduce methane emissions by 2025 – comes just one year after the company joined the OGMP community. The OGMP is a multi-stakeholder global partnership to improve the accuracy and transparency of methane emissions reporting, which is key to methane mitigation in the oil and gas sector. It is the only comprehensive measurement-based reporting framework covering all material sources of methane emissions from both operated and non-operated assets across all segments of the value chain.
Commenting on the achievement, NGC President Mark Loquan noted: “We at NGC are demonstrably intent on reducing methane emissions in our business operations, which in turn supports Trinidad and Tobago’s Nationally Determined Contributions (NDC) 2030 goals. This involves setting clear targets, as well as leveraging the expertise of global partners to help us achieve them and keep us accountable. NGC is also working very closely with our non-operated joint ventures (NOJVs) and other energy sector partners to reduce methane emissions locally. The OGMP’s assignment of Gold Standard status to NGC is an international acknowledgement of the work we have committed to do over the coming years to bring methane emissions down, to minimise our carbon impact and maximise the sustainability of the local natural gas sector.”