Moving Together,
Into Tomorrow

A new look at the Oil & Gas Industry in Europe

The European Union has signaled its intention to become the world’s first climate-neutral continent.
The European Oil & Gas industry supports the EU’s objective of climate neutrality by 2050.

Our contribution

Reducing Our Carbon Footprint

Reducing the GHG footprint of oil & gas products starts at the well. By minimising production, processing and transport emissions, we can play an active role in reducing energy sector emissions.

To do so, we use a mix of solutions including the electrification of platforms, use of renewables, and by further reducing methane emissions and flaring.

Supplying Cleaner Energy

To accompany Europe’s energy transition, our portfolios supply an increasing share of natural gas, a cleaner alternative to coal and an enabler of renewable energy Integration.

Our member companies also invest in low-carbon and renewable energies and services which include wind, solar, batteries and biofuels.

Developing Long-Term Solutions

We have the resources and skills to develop long-term, large-scale carbon Management solutions. We deploy Carbon Capture Use & Storage to help decarbonise hard-to-abate sectors and safeguard their competitiveness.

With CCS, we work to produce clean hydrogen from natural gas. We also invest in carbon offsets through afforestation and forest conservation projects.

 

NEWS

Press release: Recognition of CCS on path to 2050 marks a step  change, but approach to low-carbon solutions  remains too narrow.
06.02.2024 Press Release

Press release: Recognition of CCS on path to 2050 marks a step change, but approach to low-carbon solutions remains too narrow.

Brussels, 6 February 2024: The 2040 climate target and carbon management proposals released by the European Commission recognize the need for Carbon Capture and Storage (CCS) but miss out opportunitie...
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Press Release: US decision to pause LNG export approvals could put European security of supply at risk
30.01.2024 Press Release

Press Release: US decision to pause LNG export approvals could put European security of supply at risk

Brussels, 30 January 2024: IOGP Europe expresses its serious concerns regarding the Biden administration’s decision to pause pending approvals of US LNG exports to non-FTA countries. In the current...
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Publications

EU Taxonomy Stakeholder Request Mechanism
15.02.2024 Consultation Response

EU Taxonomy Stakeholder Request Mechanism

The Stakeholder Request Mechanism is the tool launched by the Platform on Sustainable Finance (PSF) to overall improve the usability of the Taxonomy Regulation. IOGP Europe provided its feedback to...
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Joint industry position on EMIR 3 trialogues
17.01.2024

Joint industry position on EMIR 3 trialogues

IOGP Europe and its partners in the Joint Energy Associations Group (Eurogas, BDEW, EFET, Eurelectric, and IOGP) support the changes to EMIR 3 agreed upon by all three EU institutions regarding the ca...
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IOGP consultation response: Rationalisation of  reporting requirements
12.12.2023 Consultation Response

IOGP consultation response: Rationalisation of reporting requirements

IOGP Europe supports the European Commission’s consultation aimed at identifying and streamlining reporting requirements in numerous EU legislations. This is in line with what was announced in the s...
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Creating a sustainable business case for CCS value chains
15.11.2023 Report & Study

Creating a sustainable business case for CCS value chains

This paper focuses on the discussion of needed funding and de-risking mechanisms, it describes the complex CCS value chains and its costs, describes CO2 storage project development phases, provides an...
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Oil & Gas Industry Solutions Towards 2030 and 2050

OUR JOURNEY TO 2050

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