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The Oil & Gas Methane Partnership 2.0 (OGMP 2.0) is a multi-stakeholder initiative launched by UNEP and the Climate and Clean Air Coalition. The OGMP 2.0 is the only comprehensive, measurement-based reporting framework for the oil and gas industry that improves the accuracy and transparency of methane emissions reporting in the oil and gas sector.
Over 80 companies with assets on five continents, representing a significant share of of the world’s oil and gas production, have joined the Partnership. OGMP 2.0 members also include operators of natural gas transmission and distribution pipelines, gas storage capacity and LNG terminals.
The OGMP 2.0 data is one of the key components of the International Methane Emissions Observatory (IMEO)’s solution to the methane data problem. IMEO is a data-driven, action-focused initiative taking an innovative approach by collecting, integrating, and reconciling methane data to generate a public dataset of methane emissions levels and sources. IMEO will serve as a key implementing vehicle of the Global Methane Pledge by creating a sound scientific basis for methane emissions calculations.
Methane is a powerful greenhouse gas and the second largest contributor to global warming. The oil and gas industry is one of the largest sources of anthropogenic methane emissions, and is the sector with the greatest potential for emissions reduction.
In 2021 alone, the global oil and gas industry wasted $19 billion of natural gas due to methane emissions. As a result of these emissions, the climate impact of the oil and gas industry is greater than the combined impact of every gas-powered passenger vehicle on the planet.
We cannot meet the Paris Agreement and avoid exceeding 1.5 °C of warming without achieving deep reductions in methane emissions from the global oil and gas industry. Luckily, the industry is taking action.
Companies that join the OGMP 2.0 commit to the OGMP 2.0 Framework - the new gold standard reporting framework that improves the accuracy and transparency of methane emissions reporting from the oil and gas sector.