Energy Efficiency, GHG Emissions, Industrial - August 14, 2023
Cheniere Energy Improves Emissions Reduction
Cheniere Energy, Inc. started the issuance of Cargo Emissions Tags to all long-term customers, which provide estimated GHG emissions associated with each cargo produced at the company’s facilities.
The producer and exporter of liquefied natural gas also joined the Oil and Gas Methane Partnership 2.0, the United Nations Environment Programme’s flagship oil and gas methane emissions reporting and mitigation initiative, and expanded the weight of ESG metrics to 30% in its annual performance scorecard that applies to all employees.
Cheniere Energy also initiated Quantification, Monitoring, Reporting and Verification (QMRV) projects with midstream partners and at Cheniere’s liquefaction facilities, complementing the company’s upstream and shipping QMRV programs launched in 2021 and achieving publication of results in a peer-review scientific journal. Details were published in its 2022 Corporate Responsibility Report, titled The Power of Connection.
“In 2022, the power of Cheniere’s connection to the world was made clear. We connected abundant North American natural gas to markets where it was needed most and did so in a safe and responsible manner, helping to ensure hundreds of millions of people around the world had secure and reliable energy,” said Jack Fusco, Cheniere’s President and CEO, in a statement. “We also advanced key initiatives that enhanced our environmental transparency and improved the sustainability of our product, including our science- and evidenced-based emissions programs and our sixth consecutive year of safety performance improvements.”
The Power of Connection aligns with recommendations of the Task Force on Climate-Related Financial Disclosure (TCFD), the Sustainable Accounting Standards Board (SASB) and other leading reporting standards.