The Energy Republic February - March Edition 2023

NGC SPECIAL REPORT
To reach Gold Standard status, companies need
to announce 2025 absolute reduc on or nearzero
intensity targets. Target se ng is a complex
exercise requiring a good understanding by
companies of their emissions profile.
NGC ’s achievement is an interna onal
acknowledgement of the work that the company
has commi ed to do over the next few years to
reduce its emissions. This work is not just a
priority for NGC, as reducing emissions is also
high on the na onal agenda. The government of
Trinidad and Tobago has agreed to cut
greenhouse gas emissions by 15% by 2030 as part
of the country ’s Na onally Determined
Contribu ons to the Paris Climate Agreement.
The country has also pledged to reduce methane
emissions by at least 30 percent from 2020 levels
by 2030 as part of the Global Methane Pledge,
signed by more than 100 countries worldwide.
ddressing the issue of climate
change is one of the defining
challenges of this decade. It is of
par cular consequence to the Caribbean
region, as Small Island Developing States
(SIDS) are demonstrably vulnerable to the
impacts of rising global temperatures and
extreme weather events. With the
prognosis that such events could become
more frequent and severe as global
warming intensifies, it is impera ve that
ac on be taken to curb the greenhouse
gas (GHG) emissions which are fuelling
the phenomenon. Among the most
potent of these GHGs is methane, which
is the primary component of natural gas,
and has 80 mes the warming poten al
of carbon dioxide on a 20-year mescale.
NGC’s Beachfield Facility
NGC achieves Gold Standard status
of reporting under the Oil and Gas
Methane Partnership (OGMP)
A
The Na onal Gas Company of Trinidad and
Tobago Limited (NGC) has made pioneering
investments to track and reduce methane
emissions from its opera ons. It also made a
voluntary commitment to report on its
progress a er joining the global Oil and Gas
Methane Partnership 2.0 (OGMP 2.0) in 2021.
The company’s resolve was made clear in its
first report to the OGMP – submi ed in 2022 -
wherein it outlined targets to reduce methane
emissions by 2025. This led the company to
achieve the Gold Standard status of repor ng
under the OGMP 2.0 framework.
This framework subsumes different ers of
repor ng, based on declared targets and the
r i g o u r o f m e a s u r e m e n t t o o l s a n d
methodologies.
NGC is the first state company in Trinidad and
Tobago to report on its emissions and con nues
to raise the bar of accountability within the local
and regional energy sector. Having elaborated its
own methane goals, the company is now working
purposefully towards their realisa on by 2025.
Along the way, the company intends to
communicate and educate around the need to
address methane emissions, to encourage
greater industry par cipa on and increase the
chances of success in this high-stakes fight.
To view the Eye on Methane publica on:
h ps://www.unep.org/resources/report/eyemethane-interna
onal-methane-emissionsobservatory-2022-report
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THE ENERGY REPUBLIC I SPECIAL EDITION