Oil and Gas Top Stories
Industrial Gas Emission_GBO_Image

CNPC cuts 6% methane emission intensity in 2020

The oil giant had pledged to reduce methane emissions by 50% by 2025

China National Petroleum Corporation (CNPC) recently reported that it had cut its intensity of methane emission by six percent in 2020 from the level of 2019, according to the media. The energy giant of China had vowed to deepen the emission intensity of the global warming gas released during the production and transport of coal, natural gas and oil by 50 percent by 2025 from the 2019 baseline.

CNPC’s environmental report stated that the firm has been optimising its energy structure, developing clean energy, and increasing recycling and methane utilisation. It carried out measurement, reporting and verification (MRV) of methane.

Being the second-largest contributor to global warming from methane after carbon dioxide and other greenhouse gases, China pledged to enhance emission control of methane in its latest five-year plan from 2021 to 2025.

In China, the oil and gas industry contributes to 3.1 million tonnes of methane emission, about 45 percent of its total methane emissions. CNPC was one of the leading oil and gas firms that formed an alliance in May and aimed to cut the average methane emission intensity during natural gas production to below 0.25 percent by 2025.

The firm also boosted its natural gas output to more than 50 percent of its total energy production portfolio for the first time in 2020. The progress aligned with the country’s pledge to cut down coal-burning and boosted clean energy consumption including natural gas. CNPC aims for a peak in its carbon emissions by around 2025 that will help to reach near-zero-emission by 2050, a decade ahead of China’s carbon neutrality target of 2060.

Related posts

Codat raises  $10 million to foray into US market

GBO Correspondent

DBS, United Overseas Bank see slump in profits

GBO Correspondent

Aviva plans to become carbon neutral by 2040

GBO Correspondent

Leave a Comment