Qatar Petroleum unveiled its strategy to significantly reduce greenhouse gas emissions by 2030

Doha, January 15 - Neftegaz.RU. State-owned Qatar Petroleum has launched its new Sustainability Strategy, which establishes several targets in line with the goals of the Paris Agreement.
This strategy sets a plan to reduce greenhouse gas emissions by 2030.

It also mandates the deployment of Carbon Capture and Storage (CCS) facilities to capture more than 7 Mtpa of CO₂ in the country.

Saad Sherida Al-Kaabi, CEO of Qatar Petroleum, said:

• Our climate change mitigation plans are consistent with the goals of the Paris Agreement
• They will provide valuable support to global ambitions to achieve net zero emissions
• Qatar is the world’s largest LNG producer, by implementing our Strategy, we will play a decisive role in helping reduce the impact of climate change
• by implementing measures to curb emissions, produce LNG using the latest carbon reduction technologies, and compensating for residual emissions where necessary

The strategy sets a direction towards cutting down the emissions intensity of the country’s LNG facilities by 25% and of its upstream facilities by at least 15%, besides reducing flare intensity across upstream facilities by over 75%.

It also sets out a target to removing routine flaring by 2030 and restricting fugitive methane emissions along the gas value chain by creating a methane intensity target of 0.2% across all facilities by 2025.

To ensure a competitive and resilient business model within the energy transformation, and to contribute to the dual societal challenge of providing energy with less emissions, Qatar Petroleum’s climate action is tackled under its '4C: Consolidate, Curb, Create, Compensate’ framework, referred to as climate roadmap.