Buildinga future-proof standard
Assessing certification against a dynamic standard
MiQ is developing a practical standard for demonstrating effective methane emissions management, today. But, it won’t remain static. The MiQ Standard will continue to be updated so that it remains ambitious and compatible with the future of our energy system, methane monitoring and quantification technologies, and best practices.
The MiQ Standard builds on and will continue to leverage, the critical work of many other organisations, including:
- The voluntary emissions reporting framework created by the United Nations Environment Programme’s Oil and Gas Methane Partnership (OGMP)
- Best practices outlined by the Methane Guiding Principles (MGP) partnership
- Many methane monitoring studies conducted by the Environmental Defense Fund (EDF) and the academic community
The certificate grading system in the MiQ Standard aligns with the OGMP 2.0 reporting requirements (at level 3 and above) and sets a pathway for facilities to transition from generic emission factor-based methane intensity estimates to those based on measurements, as enabled by rapidly evolving monitoring technology.
This transition will further reduce the uncertainty associated with reported methane emissions. Methane intensity is one of three key elements of the MiQ Standard, in conjunction with the deployment of monitoring technology and company practices, all of which are critical to credibly differentiate producers.
Roadmap of the MiQ Standard and Certification programme
In addition, we are working to expand the MiQ Standard to include more segments of the oil and gas supply chain, including LNG, to ensure methane emissions are also reduced, managed, and accounted for across midstream and downstream stages.
An actionable standard for today
EQT Corporation today announced its commitment to seek independent certification of a majority of its produced natural gas under certification standards developed by Equitable Origin and MiQ.
The role of finance in reducing methane emissions from the oil and gas sector as part of the clean energy transition.
Certification can significantly reduce methane emissions and simplify complex import regulations for the EU.