Woodside Energy has joined the United Nations environment program (UNEP) oil and gas methane partnership 2.0 (OGMP 2.0), a reporting framework that enables improved transparency for methane emission reporting.
The program is intended to provide assurance that methane is being managed responsibility by companies within the oil and gas sector.
Woodside Energy chief executive officer Meg O’Neill said the company is committed to minimising emissions by becoming the OGMP 2.0’s first Australian member.
“As part of our methane strategy, Woodside is striving for near-zero methane emissions on operated assets by 2030,” she said.
“We also provide industry leadership and advocacy in support of methane emissions reductions across the entire value chain through our membership of the methane guiding principles, particularly as the project lead of the midstream initiative, which is focused on reducing methane emissions in specific value chains and regions.”
The announcement supports Woodside’s net equity Scope 1 and Scope 2 greenhouse gas emissions reduction targets and asset decarbonisation plans, and also works alongside other initiatives Woodside supports, such as the Oil and Gas Decarbonisation Charter.
The company’s methane plan comprises of developing a measure dataset, striving for near-zero emissions, transparent reporting and leadership through advocating and collaborating with others.