CHINA METHANE MITIGATION MARKET

In November 2021, China and the US announced the Joint Glasgow Declaration on Enhancing Climate Action in the 2020s.  China intends to develop a comprehensive National Action Plan to reduce methane emissions in the 2020s.  

Earlier in May 2021, the China Oil and Gas Methane Alliance was established in Beijing.  The Alliance’s target is to reduce the average methane intensity in natural gas production to below 0.25% by 2025.  Its seven members include three national oil companies (CNPC, SINOPEC, CNOOC), PipeChina, and three second-tier oil and gas companies (Beijing Gas, CR Gas and ENN Energy).

Business opportunities will exist for U.S. companies to partner with Chinese firms on demonstration projects.

China’s 14th Five-year Plan establishes a policy, technology, and standard system for methane emission reductions in oil and gas, coal, waste treatment, and other fields. 

To find out more, please contact CS Beijing’s Commercial Specialist Yue Cao at Yue.Cao@trade.gov.