ship.energy

Seapeak becomes first shipping company to join UN Oil and Gas Methane Partnership

LNG vessel owner and operator Seapeak has announced it has become the first shipping company to join the Oil and Gas Methane Partnership (OGMP 2.0).

The voluntary initiative was launched by the United Nations Environment Programme (UNEP) to improve the monitoring, reporting, and verification of methane emissions from oil and gas operations. In a statement issued yesterday (16 September), Seapeak said it will leverage its maritime expertise to ‘contribute to global methane reduction goals, enhance transparency, and drive meaningful change’ in the shipping and maritime industry.

‘Despite our thesis that LNG will continue to improve the world for decades to come, methane emissions can be managed better,’ commented Mark Kremin, CEO of Seapeak. ‘Our first step as an OGMP 2.0 member is to install better measuring equipment across our LNG fleet.  What one can’t measure, one can’t manage.’

Seapeak says its involvement will allow it to adopt best practices, implement cutting-edge technologies, and collaborate with other industry leaders to reduce emissions.

Giulia Ferrini, OGMP 2.0 Programme Manager, welcomed Seapeak to the partnership: ‘We are looking forward to Seapeak’s contribution to our community of practice and hope that their efforts to improve methane emissions reporting and management practices will help move the LNG sector towards net zero emissions and inspire other companies to join the OGMP 2.0.’

Image: Shutterstock

Rhys Berry