Higher Natural Gas Prices Have Made Methane Capture Projects Increasingly Economic, Potentially Unlocking Vast Amounts of New Supply While Lowering Overall Emissions
Retrieved on:
Wednesday, December 14, 2022
Benchmarking, SPGI, Skytruth, GHG, Environment, Environmental Defense Fund, IEA, S&P Global, S, Natural gas, Agriculture, Research, Climate, NYSE, CO2, Economics, Methane, AMB, Multimedia, Francis Kramarz, Metal, Climate change, Organization, Renewable energy, Fine chemical, Central Asia–China gas pipeline
WASHINGTON, Dec. 14, 2022 /PRNewswire/ -- Current natural gas prices, including record high global prices, and renewed concerns for energy security are making projects that capture and commercialize vented, fugitive and flared methane increasingly economic, with the potential to lower emissions and unlock substantial new supplies of gas, a new analysis by S&P Global Commodity Insights finds.
Key Points:
- Capturing and commercializing this gas would simultaneously reduce GHG emissions by more than 750 Mt CO2e*, an amount approximately the size of Germany's total annual emissions.
- **
"With natural gas prices at historic levels and energy security returning as a global priority, efforts to capture and commercialize methane are increasingly economic and present a win-win proposition," said Amb. - The study examines target regions where efforts to capture methane could quickly increase the supply of natural gas in global markets while reducing methane emissions.
- Download the executive summary here: https://bit.ly/Methane-Consulting
* Calculation assumes methane or flared gas captured is replacing other natural gas use.