Thank you for tuning in to the Highwood Bulletin. This issue covers continued debate around the EU Methane Regulation, including questions on implementation, importer requirements, and potential market impacts. It also looks at methane measurement and MRV developments in Australia and Indonesia, clean gas certification in Japan, Canadian LNG momentum, and new Highwood insights on measurement-informed inventories and OGMP 2.0.
Articles
Politicization of EUMR
A new Oxford Institute for Energy Studies paper finds that implementation of the EU Methane Regulation is becoming increasingly politicized in major importing countries, with tension between member states seeking flexibility and importers demanding certainty. (Read more)
EUMR-Induced Energy Price Shock
Led by the International Association of Oil & Gas Producers (IOGP), 18 organizations have issued a joint statement warning of a potential energy price shock. The statement calls for targeted amendments and a revised timeline in the EU Methane Regulation’s importer requirements. (Read more)
No Risk to Energy Security from EUMR
The Clean Air Task Force argues that phased and proportionate EUMR penalties would pose no risk to energy security, and the proposed three-year suspension of penalties should be rejected. (Read more)
Financial Risk of Methane Emissions
The European Climate Initiative (EUKI) analyzed whether methane emissions matter to investors, stating that methane risk is impacting markets. (Read more)
Australia Launches Expert Panel on Top-Down Methane Measurement
The Australian Government has appointed an expert panel, chaired by former Chief Scientist Dr. Cathy Foley, to advise on top-down atmospheric measurement of fugitive methane emissions. (Read more)
Indonesia Advances Methane MRV Readiness
Indonesia’s Ministry of Energy and Mineral Resources and ECADIN held a workshop to strengthen technical capacity on methane MRV systems in support of future oil and gas sector regulatory development. (Read more)
Japanese Clean Gas Certificates
INPEX, Osaka Gas, and Mitsubishi Heavy Industries have begun operating a digital platform to transfer and manage Clean Gas Certificates produced at the Nagaoka Methanation Demonstration. (Read more)
Shell Receives MiQ ‘A’ Rating
MiQ has certified Shell’s Gulf of America oil and gas production portfolio at Grade A for methane emissions performance. (Read more)
Canadian LNG Momentum Builds
Uniper has signed a 20-year agreement to purchase LNG from the proposed Ksi Lisims LNG project, and South Korea plans to import Canadian LNG for at least 30 years. (Read more here and here)
Highwood Briefing 002: Peeling the MII Onion
The concept behind a measurement-informed inventory is simple: measure with different technologies at different scales, compare, and consolidate a more accurate number. Building one that holds up is not so straightforward. Asset bases differ, datasets were never designed to integrate, and the voluntary standards say little about how reconciliation should be done. Briefing 002 works through the four layers of that complexity and where each one introduces variance. (Read the briefing)
New on Monday Morning Methane: When Voluntary Becomes Mandatory
Highwood CEO Thomas Fox sits down with Matt Harrison of SLR Consulting, his co-author on a recent opinion piece arguing that OGMP 2.0 sits at an existential crossroads. The EU Methane Regulation is now incorporating OGMP 2.0, a voluntary program built for progressive improvement, and the two examine whether it can carry the weight of regulatory infrastructure. (Listen to the episode)
