Commonwealth LNG and Kimmeridge Texas Gas commit to natural gas certification under MiQ standards
Published by Jessica Casey,
Editor
LNG Industry,
Kimmeridge-backed Commonwealth LNG and Kimmeridge Texas Gas (KTG) have announced a commitment to obtain independent certification of their natural gas operations under the protocols developed by MiQ, the global leader in emissions certification. The initiative supports Kimmeridge's innovative ability to deliver a ‘wellhead-to-water’ net-zero cargo for Scope 1 and 2 greenhouse gas emissions (GHG) using Kimmeridge's secured LNG offtake from Commonwealth's facility. These efforts underscore Kimmeridge's dedication to environmental stewardship and position both portfolio companies at the forefront of industry transparency and reduced emissions.
The MiQ certification will involve a comprehensive, third-party audited assessment of both companies' natural gas operations, leading to a verification of total carbon emissions. An emphasis will be placed on methane emissions through the MiQ Standard's requirements on methane mitigation, monitoring, and measurement. Both companies will also work with their midstream partners to understand the emissions performance and advocate for certification. This process will provide a credible and transparent emissions profile across multiple segments of the natural gas supply chain, from production to liquefaction, supporting regulatory compliance with global purchasers. The certification process for Commonwealth will commence within one month of reaching full commercial operations, while KTG will complete its certification in 2025.
As part of this commitment, following Commonwealth's final investment decision and commencement of construction, Kimmeridge affiliate Chestnut Carbon will undertake a conservation-level afforestation project in Louisiana. This significant land acquisition and reforestation effort will enable Kimmeridge to deliver a fully verified ‘wellhead-to-water’ net-zero cargo upon operations launch.
Farhad Ahrabi, Commonwealth President and CEO, said: “As we prepare to enter the global LNG market, we recognise the growing demand for transparent, low-emission natural gas. The MiQ certification process will contribute to providing our customers with independently verified data on our product's greenhouse gas emissions performance. This commitment positions us as a trusted partner in the global energy transition.”
Dave Lawler, KTG CEO, added: “Our commitment to seeking MiQ certification for our gas production underscores the critical importance we place on verifying every step of the natural gas value chain. This certification process will evaluate our current practices and help us to improve our operations continually, while setting the bar high for environmental responsibility and operational excellence – a standard we hope the rest of the industry will endeavour to meet.”
Georges Tijbosch, MiQ CEO, concluded: “The certification commitments from Commonwealth and KTG reflect a proactive approach in the natural gas industry. With rising global demand for transparent and low-emission natural gas, particularly in response to new EU regulations, this initiative sets a new standard for the industry.”
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01112024/commonwealth-lng-and-kimmeridge-texas-gas-commit-to-natural-gas-certification-under-miq-standards/
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