What is OGMP 2.0? A solution to the methane challenge
The Oil & Gas Methane Partnership 2.0 (OGMP 2.0) is the United Nations Environment Programme’s flagship oil and gas reporting and mitigation programme. 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. This is key to prioritising methane mitigation actions in the sector. If you can’t measure it, you can’t fix it.
This comprehensiveness allows to track and compare progress and performance across companies.
Over 100 companies with assets in more than 60 countries on five continents, representing over 35 per cent of the world’s oil and gas production, over 70 per cent of LNG flows, nearly 25 per cent of global natural gas transmission and distribution pipelines and over 10 per cent of global gas storage capacity, have joined OGMP 2.0.
OGMP 2.0’s data is one of the key components of UNEP’s International Methane Emissions Observatory’s solution to the methane data problem. IMEO is an initiative that drives action on methane reduction.
It is creating a groundbreaking database of empirically verified methane emissions. IMEO collects and reconciles data from multiple sources, including company reporting through OGMP 2.0, satellites, scientific methane measurement studies, and national inventories.
IMEO is a key implementing partner of the Global Methane Pledge, an EU-US-led effort gathering 150 countries to reduce global methane emissions by 30 per cent by 2030. In this role, IMEO incentivizes governments and companies to target strategic mitigation actions and identify science-based policy options, thanks to its unique global database.