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The Methane Guiding Principles:

taking action to support the transition

The MGP’s goal is to reduce methane emissions along the entire natural gas value chain, with action centred around five guiding principles REBECCA MIDDLETON , Programme Manager, Secretariat, Methane Guiding Principles

one of the greatest challenges of the 21st century. Since natural gas consists mostly of methane, a potent greenhouse gas, its part in the

transition to a low-carbon future will be influenced by the extent to which the oil and gas industry reduces its methane emissions. Founded in 2017, the Methane Guiding Principles (MGP) is a voluntary, multi-stakeholder partnership seeking to address this challenge through collaborative and ambitious action. The MGP’s goal is to reduce methane emissions along the entire natural gas value chain, with action centred around five guiding principles: 1. Continually reduce methane emissions 2. Advance strong performance across the gas supply chain 3. Improve accuracy of methane emissions data 4. Advocate sound policy and regulations on methane emissions 5. Increase transparency The MGP has three main differentiators: it covers the full supply chain; it has full and equal collaboration between companies and civil society; and it adopts an agile approach, which doesn’t rely on consensus. These three elements make it complementary to the other important coalitions that deal with methane emissions.

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G L O B A L VO I C E O F G A S

JUNE 2021

PHOTOS: (TOP) ISTOCK.COM/RYOSHA; (BOTTOM) ISTOCK.COM/ANTONISTOCK;

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roviding access to energy, while addressing global climate change, is

Profile for IGU

Global Voice of Gas - Issue 4, June 2021  

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