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Natural gas producers, transporters and utilities are embracing
carbon-reduction measures and third-party ratings to show
investors and customers they are serious about reducing
greenhouse gas emissions amid concerns over their environmental
impact.
Tallgrass and carbon-measurement firm Project Canary this year
plan to begin installing monitoring devices at compressor
stations along the 1,700-mile pipeline to rate the environmental
impact of its operations. The devices will help provide real
time measurements of fugitive methane emissions, among other
things.
"Buyers want assurances that natural gas is produced and
transported in the most environmentally responsible way
possible," said Matt Sheehy, president of Tallgrass.
Natural gas certification has been picking up steam in the past
year among producers and utilities. Project Canary counts EQT
Corp and LNG-project developer NextDecade among its customers.
MiQ, another firm that applies measurements to help manage
carbon emissions, has signed Exxon Mobil and Chesapeake Energy
Corp to use its methodologies.
"This has been a missing link," said Project Canary CEO Chris
Romer, of pipeline operators' role in emissions reduction. It is
holding talks with more than a dozen other pipelines looking to
monitor and certify the emissions footprint of their operations,
he said.
The Rockies Express Pipeline transports up to 4.4 billion cubic
feet per day of gas between northwestern Colorado and eastern
Ohio. Tallgrass owns a 75% stake in the line, with Phillips 66
holding the remaining share.
The Colorado School of Mines will partner with Project Canary
for the certification process.
(Reporting by Liz Hampton in Denver; Editing by David Gregorio)
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