Mexican state oil company Pemex said Nov. 12 that it would work with the EPA in the U.S. to reduce greenhouse gas emissions—especially methane—to meet ambitious international commitments.
Methane emissions have emerged as a top threat to the global climate, with scientists and policymakers around the world calling for aggressive action to curb the output.
With technical support from the EPA, Pemex said it would develop and implement a plan in the first half of next year to help mitigate these emissions.
“Through the agreement, the EPA will support [Pemex] with economic diagnoses and analyzes to support decision-making in its onshore oil and natural gas operations,” it said in a statement.
Pemex’s onshore oil and gas operations have been under increased scrutiny this year after satellites recorded record vast volumes of natural gas being flared, including from two fields meant to produce gas.
Methane leaks have also been a problem.
Mexican Foreign Minister Marcelo Ebrard, in the race to be a possible 2024 presidential candidate for President Andres Manuel Lopez Obrador’s ruling Morena party, also stressed the urgency of reducing global warming.
“Mexico will do its part: a 35% reduction of all its emissions by 2030,” he wrote on Twitter.
Ebrard had traveled to Egypt to attend the COP27 climate summit, where he also met with U.S. climate envoy John Kerry.
Recommended Reading
UAE's ADNOC Recently Eyed BP as Takeover Target, Sources say
2024-04-11 - The Emirati giant, Abu Dhabi National Oil Co., considered all options when looking at BP, including buying a big stake.
Excelerate Energy, Qatar Sign 15-year LNG Agreement
2024-01-29 - Excelerate agreed to purchase up to 1 million tonnes per anumm of LNG in Bangladesh from QatarEnergy.
EIG’s MidOcean Energy Acquires 20% interest in Peru LNG
2024-02-08 - On top of acquiring a 20% interest in Peru LNG, MidOcean Energy is also in the process of acquiring interests in four Australian LNG projects.
MidOcean Completes Acquisition of Tokyo Gas’ LNG Interests in Australia
2024-03-31 - EIG’s MidOcean Energy will acquire Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects.
‘Unexpected’ JV to Move Permian NatGas to Gulf Coast LNG Terminals
2024-03-26 - A trio of midstream companies—Enbridge, Whitewater and MPLX—will work together to build infrastructure to transport Permian Basin natural gas to Gulf Coast LNG terminals.