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A new report by Validere’s Market Fundamentals Team assesses the environmental impacts of potential natural gas projects.
HOUSTON & CALGARY, Alberta–(BUSINESS WIRE)–#emissions–In the latest Validere Insights report, Validere’s Market Fundamentals Team finds that, despite facing public and political challenges to the natural gas industry’s climate benefits, proposed Appalachia-to-Southeast pipelines may provide tangible emissions reduction opportunities.
The report examines the market and environmental impacts of projects such as the canceled Atlantic Coast Pipeline (ACP) and delayed Mountain Valley Pipeline (MVP), and how they could reduce CO2-equivalent emissions as well as reduce the region’s reliance on coal.
“The burner-tip emissions benefits of ACP and MVP more than outweigh the methane emissions associated with their added gas production,” says Amber McCullagh, Senior Advisor at Validere and an author on the report. “We estimate that MVP and ACP would reduce CO2-equivalent emissions by approximately 8 and 14 Mmt annually, respectively, the equivalent of taking approximately 1.7 million and 3 million cars off the road.”
Additionally, the team analyzes the likely full value chain methane emissions rate for Appalachian gas, using a synthesis of measurement-based national and regional studies to get the full picture of Appalachian producers and midstream operators’ impact on the environment.
The report’s main findings include:
“When accounting for the climate impacts of natural gas pipelines, you need to look at the full picture,” says McCullagh. “Natural gas pipeline development induces changes across the value chain, including in natural gas production, gas pipeline flows, gas- and coal-fired power generation, and even flows of LNG and refined products.”
Validere is a measurement, reporting, and verification (MRV) SaaS company that helps energy organizations transform disconnected, incomplete data into clear and immediately actionable pathways to financial and environmental value. Over 50 of North America’s leading energy companies rely on Validere’s technology and multidisciplinary experts to understand their physical and environmental commodities and navigate an increasingly complex environment with clarity and ease. Validere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable. The company has offices in Houston, Calgary, and Toronto.