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SOCAR and BCG sign cooperation agreement on methane emissions reduction in the Caspian region

The initiative is designed to strengthen cooperation on methane emissions reduction, support the implementation of collaborative methane mitigation projects, and encourage emissions reduction measures in oil and gas operations throughout the region.

SOCAR and BCG sign cooperation agreement on methane emissions reduction in the Caspian region

Source: SOCAR

Moscow, June 3 – Neftegaz.RU. SOCAR and Boston Consulting Group (BCG) have signed a cooperation agreement for the implementation of the Caspian Methane Emissions Abatement Accelerator initiative.

The document was signed by SOCAR vice president Afgan Isayev and Pattabi Seshadri, managing director and senior partner at BCG on 2 June 2026, within the framework of Baku Energy Week.

It should be recalled that on 4 June 2025, within the framework of the Baku Energy Forum, SOCAR, in cooperation with BCG, launched the Caspian Methane Emissions Abatement Accelerator initiative to accelerate efforts aimed at minimizing methane emissions by 2030.

The initiative is designed to strengthen cooperation on methane emissions reduction across the Caspian region, facilitate joint research and studies, support the implementation of collaborative methane mitigation projects, promote knowledge sharing and the adoption of best practices, and encourage emissions reduction measures in oil and gas operations throughout the region.


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