The Latin American Energy Organization (OLADE) announces the creation of the Methane Emissions Observatory of Latin America and the Caribbean (OEMLAC)

This Olade release was published using machine translation.

The Latin American Energy Organization (OLADE) presented the first results of the Methane Emissions Observatory of Latin America and the Caribbean (OEMLAC), which has ambitious goals, such as:

1. Standardize methodological consistency in national methane inventories
2. Establish an aggregate emissions database, and
3. Develop regional capacities to manage these emissions in a sustainable manner.

OEMLAC, established during the LII Meeting of Ministers, aims to support the countries of the region in the identification of technical needs for the collection, monitoring and supervision of information on methane emissions in support of their commitments to reduce emissions of methane. methane.

The Executive Secretary of OLADE, Andrés Rebolledo indicated that with this Observatory, “we will be able to chart the path towards the development of a Low Emission Natural Gas industry, which will involve the elimination of methane throughout the value chain, along with the decarbonization of its production and the capture of CO2 resulting from its use as fuel”

Rebolledo highlighted at the launch that “incorporating technologies and policies to mitigate methane gas is an opportunity that has a double dimension. On the one hand, environmental , because of what it means as an opportunity for accelerated mitigation, and on the other, from the medium and long term perspective, it is a great economic opportunity, since recently foreign investment is increasingly based on the decarbonization of the energy matrix of our countries. “A cleaner matrix is an attribute of our region’s competitiveness.”

For his part, the Project coordinator, Carlos de Regules, pointed out that “Methane is responsible for around 30% of the increase in global temperature. A reduction in emissions translates into a reduction in temperature rise in the short term, and 75% of annual methane emissions can be avoided by 2030 using existing technologies, at no net cost.”

With 20 countries, which represent more than 95% of production and more than 90% of methane emissions associated with hydrocarbons, participating in this initiative, OEMLAC will be a regional reference in the management and reduction of methane emissions in the sector. of oil and gas in Latin America and the Caribbean.