Oil and Gas News

Senex roadmap to reduce greenhouse gas emissions by 2040

Atlas expansion project

Senex Energy  has announced its Decarbonisation Action Plan, detailing its ambition to reduce greenhouse gas (GHG) emissions across its operational footprint to net-zero by 2040.

Senex has defined its ambition, targets, and actions over the short, medium, and long term to reduce GHG emissions across the full value chain.

Managing director and CEO Ian Davies said Senex is committed to supporting the global transition to a cleaner energy future and low-carbon economy.

“Natural gas is integral to meeting demand for reliable and affordable energy and we are focused on being the natural gas supplier of choice through the transition,” Davies said.

“We plan to expand our valuable natural gas business to deliver 60 PJ per year by year-end FY25 and, at the same time, materially reduce the carbon intensity of our operations and use our knowledge and technology to help our customers to do the same.”

By the end of FY25, Senex aims to have reduced their GHG emissions by 30 per cent from FY21, in FY30 to have reduced by 70 per cent. and by FY40 to have net-zero operational GHG emissions using mitigation hierarchy.

Senex has identified three pillars in its Decarbonisation Action Plan – become the gas supplier of choice in the transition, actively decarbonise their value chain, and invest in low-carbon growth.

“We are proud to be taking these first steps and are committed to reducing our emissions while meeting growing energy demand through increased low-carbon natural gas production,” Davies said.

“Our Decarbonisation Action Plan, including our ambition, targets and actions, will be regularly reviewed and we will reset our commitments accordingly.

“We will also report publicly and transparently on our progress.”

Subscribe to Oil & Gas Today for the latest industry news.

©2021 All Rights Reserved. Oil & Gas is a registered trademark of Prime Creative Media.