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MiQ launches world’s first comprehensive GHG certification and registry for LNG

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LNG Industry,

MiQ, a global non-profit leader in methane emissions certification, has recently launched the world’s first certification programme that enables a complete assessment of all greenhouse gas (GHG) emissions from the LNG supply chain.

Until now, importers have not had a transparent or credible way to quantify the level of emissions from purchases, despite rocketing global demand for LNG. MiQ’s new framework tracks 100% of methane, carbon dioxide, and nitrous oxide emissions from every segment of the LNG supply chain – including production, gathering and boosting, processing, pipeline, liquefaction, shipping, and regasification.

“We are witnessing a significant spike in demand for LNG, especially in Europe and Asia, elevating concerns about the lack of transparency on emissions,” said Georges Tijbosch, CEO of MiQ. “Our comprehensive GHG framework signifies significant progress toward reducing unnecessary upstream and Scope 1 and 2 LNG emissions to near zero, as we transition to a renewable energy future.”

The company built the standard on emissions accounting data for production, which already exists on MiQ’s digital registry. The GHG Standard gives importers the power to compare exporters using one common framework. Ultimately, buyers can reduce their Scope 3 emissions while driving pricing signals needed to incentivise investments from producers and exporters.

Founded on the mission to solve methane this decade, MiQ’s methane performance standard has been used to independently certify nearly 20% of US natural gas production. It is implemented by third-party auditors to validate emissions and create transparency for gas buyers, and continues to garner interest – BP recently announced it certified 100% of its US onshore production; utility Washington Gas as well as fertilizer and energy giant CF Industries purchased MiQ-certified gas to reduce their Scope 3 emissions.

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