calendar Sunday, 24 January 2021 clock
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DOHA: Qatar Petroleum (QP) has launched its new Sustainability Strategy which establishes a number of targets in alignment with the goals of the Paris Agreement and sets in motion a plan to reduce greenhouse gas emissions by 2030.

It stipulates deploying dedicated Carbon Capture and Storage (CCS) facilities to capture more than seven million tonnes per annum of CO 2 in Qatar.

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The strategy also acts as a clear direction towards reducing the emissions intensity of Qatar’s LNG facilities by 25 per cent and of its upstream facilities by at least 15 per cent, and reducing flare intensity across upstream facilities by more than 75 per cent.

It sets out a target to eliminate routine flaring by 2030 and limit fugitive methane emissions along the gas value chain by setting a methane intensity target of 0.2 per cent across all facilities by 2025.

Bold commitment

Minister of State for Energy Affairs and QP President and CEO H E Saad Sherida Al Kaabi said: “QP’s Sustainability Strategy is a bold commitment with clear goals and milestones that ensure we embed sustainability considerations into the way we plan and manage our entire business and operations.”

He added: “This strategy is an important step on the road to achieve our vision of becoming one of the best national oil and gas companies in the world, with roots in Qatar and a strong international presence. It will shape our actions and the way we operate over the next decade.”

Al Kaabi said:  “Qatar is the world’s largest LNG producer and by implementing our Sustainability Strategy, we will play a decisive role in helping reduce the impact of climate change by implementing measures to curb emissions, produce LNG using the latest proven carbon reduction technologies and compensating for residual emissions where necessary.” Kaabi said.

The strategy is underpinned by Qatar National Vision 2030 and the UN’s Sustainable Development Goals and bridges the effort to reduce planet-warming emissions while ensuring clean and affordable energy supplies.

It stipulates adding more than 4 GW of electric power from carbon-free renewable energy to its portfolio in Qatar that would eliminate more than five million tonnes of CO2 emissions per year.