July 9, 2018: World Gas Conference Recap
Two weeks ago marked an important milestone in ONE Future’s efforts to communicate our goal reduced methane emissions across our industry at the 27th World Gas Conference (WGC 2018) in Washington D.C. – a triennial gathering of the “who’s who” in the global natural gas industry. Myself and members of the ONE Future Board were in attendance to present, network and share ideas with the more than 12,000 people from over 100 countries that attended the conference.
This year’s theme was “Fueling the Future” which promoted the International Gas Union’s key objectives of raising the voice of natural gas while offering timely updates.
WGC 2018 marks the first time that the global gas industry event was held in a country that is both the world’s largest gas consumer and gas producer, and for whom the latest data show a record breaking size of its gas resource base.
Marty Durbin, the Executive Vice President and Chief Strategy Officer at the American Petroleum Institute, served as a moderator at the conference, and was recently interviewed about his thoughts on the current state of the oil and gas industry. While his comments focused primarily on LNG trade and exportation, he did touch on the need for our industry to continue to progress and excel, so that we might grow and maintain our strong position in the global gas scene.
I couldn’t agree more, and my presentation last Friday supported these thoughts, as well as iterated ONE Future’s mission and goals: That ONE Future is an industry-led initiative to voluntarily lower methane emissions across the natural gas supply chain.
Joining ONE Future is a win-win: by reducing methane emissions across the natural gas supply chain, ONE Future companies safely deliver more value to our customers and investors, while also meaningfully reducing greenhouse gas emissions.
And, our focus is on methane because natural gas is primarily methane.
Our voluntary program is based on the National Energy Technology Laboratory (NETL) standards and they agree that we appear to be on track. Our membership has grown from the original eight members to the current 13.
The conference was outstanding, I met a lot of people who are interested in the leadership position that ONE Future has taken in voluntary methane emissions reductions. Several professionals expressed their interest in joining our consortium or replicating it where it makes sense; we have a lot to be proud of, but we still have a long way to go, I hope you will join the cause and the conversation.
Until next time.