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Home GREEN ENERGY

ACE Launch of the Methane Abatement Towards Sustainable Petroleum Industry Dashboard

by Editor Asiatoday
October 17, 2024
in GREEN ENERGY
Reading Time: 2 mins read
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ACE Launch of the Methane Abatement Towards Sustainable Petroleum Industry Dashboard

Methane emissions Petroleum Industry. Illustration

ASIATODAY.ID, KUALA LUMPUR – The ASEAN Centre for Energy (ACE) is pleased to launch ASEAN’s first Methane Abatement Towards Sustainable Petroleum Industry (MAESTRO) Dashboard, developed to help stakeholders identify emission sources across ASEAN’s oil and gas sector and enable more effective monitoring and abatement strategies, with technical assistance from the World Bank Group’s Global Flaring and Methane Reduction Partnership (GFMR).

As a pollutant that is 84 times higher in its global warming potential than carbon dioxide (CO2) over a 20-year time scale, achieving the 1.5-degree pathway under the Paris Agreement will not be possible without methane emissions abatement efforts.

A fifth of anthropogenic methane emissions originate from the oil and gas industry, with half of these emissions coming from developing countries. In ASEAN, the region emitted 0.32 million tonnes of methane, with a global warming potential equivalent to about 9 million tonnes of CO2. Key oil and gas producers in the region – Indonesia, Malaysia, and Thailand – account for nearly nine-tenths of the region’s methane emissions, largely from offshore activities. This accounts for the loss of approximately 0.5 billion cubic meters of gas, or about 7% of Singapore’s liquified natural gas imports in 2023. Consequently, initiatives on methane emissions were implored by the ASEAN ministers During the 42nd ASEAN Ministers on Energy Meeting(AMEM) on 26 September 2024 in Vientiane, Lao PDR.

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ACE Launch of the Methane Abatement Towards Sustainable Petroleum Industry Dashboard 1
Figure 1: Snapshot of the MAESTRO Dashboard

To build awareness and identify large methane emissions sources in ASEAN, with the overarching aim to guide and urge high-level decision makers and operators on their methane management journey, the MAESTRO Dashboard was developed.

Formally launched during the 7th ASEAN Energy Sector Methane Roundtable at the 49th ASEAN Council on Petroleum (ASCOPE) Meeting in Kuala Lumpur, Malaysia, the Dashboard captures the methane emissions and locations of key sites in upstream, midstream, and downstream sectors in 2023. Users will be able to toggle between units, absolute emissions, emissions intensity, and estimated value loss impact, with the ability to break down emissions by country, by sector, and onshore or offshore.

Building upon the achievement of the MAESTRO Dashboard, greater ASEAN collaboration and initiatives on methane emissions abatement may be envisaged. (AT Network)

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Tags: ASEAN Centre for EnergyMethane Abatement Towards Sustainable Petroleum IndustryPetroleum Industry
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