JOGMEC Joins the CCS+ Initiative

Source: www.gulfoilandgas.com 11/15/2021, Location: Asia

JOGMEC has joined the CCS+ initiative, which aims to establish standards for carbon accounting methodologies by carbon dioxide capture and storage (CCS) activities. JOGMEC will actively promote international cooperation in the field of CCS to contribute to the realization of a carbon-neutral society and stabilizing the supplies of natural resources and energy.

Japan Oil, Gas, and Metals National Corporation (JOGMEC) is pleased to participate in the CCS+ initiative, which aims to develop standards for carbon accounting methodologies by CCS activities.

The CCS+ initiative is an international multi-stakeholder platform established in April 2021 at the initiative of the international oil majors. The objective of the initiative is to develop a high-quality integrated methodological framework for generating carbon credits and meeting regulatory obligations from the full suite of CCS activities, which include establishing CO2 emission calculation methods, determining boundary conditions, and developing monitoring methods for each phase of CO2 capture, transport, and storage.

JOGMEC, as a public entity, will contribute to the development of internationally harmonized methodologies for CCS projects by utilizing its expertise in subsurface evaluation technologies, such as CO2 storage capacity evaluation, and facility technologies, such as greenhouse gas emissions calculation methods.

JOGMEC will contribute to a stable supply of natural resources and energy and the realization of a carbon-neutral society by strengthening and promoting international cooperation for deployment of CCS.


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