A rigorous technical standard – finally providing transparency on methane emissions
The MiQ Standard is an independent framework for assessing methane emissions and practices for oil and gas facilities. Independent highly qualified 3rd party auditors conduct the certification process, using the MiQ Standard.
An A to F grading for methane emissions is then attributed to a facility, and reviewed regularly – all taking place within the framework of the MiQ Standard.
Certified facilities will be issued on a monthly basis MiQ certificates for the gas produced.
These certificates can be relied upon to credibly prove the methane emissions of gas traded between the sellers (operators), traders and buyers (utilities/corporates).
We let the markets do the rest.
The unique MiQ A-F grading system
Methane emissions vary enormously across facilities worldwide, from well managed facilities to the other end of the scale.
To allow for this wide range of outcomes, MiQ developed a unique A-F grading system.
MiQ believes that all producers should be able to participate, in order to create a global, transparent market for certified gas.
Over time, this will drive progress on climate change, as methane emissions abatement increases.
The Standard requirements are inclusive, so a facility must meet or exceed the minimum requirements in all three categories to receive a given grade.
As our Methane Mission makes clear, we want to work with all operators and certify 100% of the global gas market, from those just beginning to audit and mitigate methane emissions, to those using the latest production equipment and methane monitoring technologies.
In general terms, methane intensity is a ratio of methane emissions relative to natural gas production, which is a baseline indicator of methane emissions performance. The methane intensity is indicative of whether a facility’s design will achieve minimal inherent methane emissions and eliminates, to the greatest degree possible, the potential for fugitive emissions.
The MiQ Standard outlines a list of mandatory company practices that an operator must have in place in order to be eligible for MiQ Certification. Additionally, it lists several improved policies and procedures which are optional, but necessary in order to qualify for higher MiQ Certification grades.
A producer should be able provide documentation of their company practices, and be able to demonstrate understanding and effective implementation of these practices by their teams.
The company practices performance criteria have been adapted from voluntary global industry and regulated best practices, as identified in legislation, voluntary programmes, and other technical guidance documents. Where possible, the MiQ Standard aims to align with other existing industry and national initiatives to streamline reporting. These organisations and initiatives include but are not limited to:
Monitoring Technology Deployment
The MiQ Standard requires operators to deploy monitoring technology to detect unintended methane emissions for timely repair or replacement. This is a vital element, as systematic regular surveys are critical to ensure that methane emissions are effectively managed in practice.
The MiQ Standard outlines and requires two levels of monitoring technology deployment – source-level and facility-level surveys. These two levels of deployment intend to capture and provide assurance that smaller component
level leaks as well as large (super-emitter) emissions events are detected and remedied. Deployment at both of these scales is scored based on the frequency and spatial coverage of surveys.
As technologies and associated deployment and quantification methods improve over time, the Standard will be updated to reflect recommended best practices. Equally, as reporting standards such as OGMP are upgraded, MiQ will incorporate findings and align.