COEFFICIENT Releases New Methane Transparency Report

Russia’s recent unprovoked invasion of Ukraine is impacting myriad political, economic, energy, and environmental policies. This devastating tragedy is also demonstrating the linkage between energy security, national security, and climate security.

Yesterday, COEFFICIENT released a new report titled, “Methane Quantification: Toward Differentiated Gas”, which highlights the opportunity for policymakers and oil and gas operators to move from the mindset of leak detection to a mindset of emissions measurement and quantification. 

In the report, COEFFICIENT reviewed 6 categories of technologies to measure, monitor, and quantify methane emissions. Most technologies include a hardware component (sensor and other devices or vehicles) and a software component (data analytics and cloud-based platforms). Often, images and data are gathered by hardware and then analyzed by software to quantify methane. 

Based on the analysis, almost all the companies/technologies we profiled have the capability to quantify methane emissions and integrate with digital monitoring, reporting, and verification (MRV) systems, today. However, the sense is that most oil and gas operators are not utilizing these technologies to measure and quantify methane emissions; instead, many operators are focused on regulatory compliance under EPA OOOOa rather than taking the next steps toward measurement and quantification.

If we drive emissions quantification, we have an opportunity to provide our allies with greater energy security while also making significant progress toward the Global Methane Pledge.