MiQ, the nonprofit methane certification organization, announced that it has independently audited and certified BP as the first energy major in the US to verify the methane intensity of its entire US onshore portfolio of natural gas.
MiQ certification provides a transparent, verified method for evaluating the emissions performance of BPX’s operations to purchasers of its natural gas.
“When we launched our certified natural gas pilot with MiQ in 2021, we endeavored to lead in this space,” said Dave Lawler, CEO of BPX Energy. “MiQ certification provides the market with clear, transparent, and verifiable data that highlight how BPX is committed to operating assets with low methane intensity.”
The certification, completed in March, gives BPX Energy a greater understanding of its methane intensity and source emissions, which enables ongoing and additional methane emissions reduction. MiQ’s peer-reviewed, market-based certification is already creating transparency on methane emissions, differentiating the supply of natural gas, and helping operators make the right investments to further reduce emissions.
“Before MiQ launched, there was no transparency on which natural gas producers were prioritizing the reduction of methane from their operations,” said Georges Tijbosch, CEO of MiQ. “This move from BPX represents a seminal step forward for the industry and gives BPX and its customers full transparency on methane emissions.”
This effort follows an initial certification at BPX Energy’s South Haynesville facility in December 2021. Certification now includes natural gas facilities in the Eagle Ford, Haynesville, and Permian basins.
As part of the certification process, these facilities are independently audited by one of 11 auditors accredited by MiQ to verify the methane emissions intensity of BPX’s natural gas portfolio. Using data from this process enables ongoing, measured performance and helps the company assess where best to invest capital to continue to improve asset performance.
MiQ currently certifies approximately 4% of the global gas market and 17% of US gas production.