![\"\"](\"https:\/\/tankstoragenewsamerica.com\/wp-content\/uploads\/2021\/09\/Midstream_603561659-min-scaled.jpg\")
<\/p>\nThe American Petroleum Institute (API) has updated its Compendium of GHG Emissions Methodologies for the Natural Gas and Oil Industry, the foundational reference used by companies and governments across the world as methodologies for reporting GHG emissions from natural gas and oil operations, including for API\u2019s climate-related reporting template released earlier this year.<\/p>\n
The fourth edition of the compendium includes expanded methodologies for LNG, as well as carbon capture, use and storage (CCUS).<\/p>\n
<\/p>\n
\u201cAs COP26 discussions continue, America\u2019s natural gas and oil industry remains focused on driving progress on climate solutions, including enhanced GHG emissions reporting, while meeting the world\u2019s growing energy demand,\u201d API vice president of corporate policy Stephen Comstock said.<\/p>\n
\u201cMany companies have reported on GHG indicators for over 20 years, and we are committed to continuous improvement, including this comprehensive update of methodologies in the API compendium. The updated compendium was developed in consultation with our members and stakeholders around the world and reflects the industry\u2019s leadership on sustainability issues and efforts to drive consistency and transparency in climate reporting.\u201d<\/p>\n
First published in 2001, the compendium provides the methodology details for all-natural gas and oil industry segments to consistently estimate direct emissions of greenhouse gases through the entire value-chain. The compendium has served as an essential resource for EPA\u2019s National Inventory and Reporting Program in the US and other government entities globally, such as Australia, Canada, Mexico and Singapore. API is the only industry association to publish such a resource.<\/p>\n
The compendium is one of the foundations of the natural gas and oil industry\u2019s commitment to transparency and accuracy in reporting its efforts to further reduce GHG emissions.<\/p>\n
As with past updates, this compendium recognises the evolving nature of greenhouse gas estimation and measurement. This update includes revised emission factors based on field studies by API, its members, and academia, including the latest work to provide new average methane emission factors for pneumatic controllers. Additionally, for the first time, the compendium includes expanded methodologies and information specific to LNG and emission factors for combustion that include CCUS.<\/p>\n
For more information visit www.api.org<\/a><\/p>\n