2024-2029 MANIFESTO

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Resilience

Sustainability

Competitiveness

IOGP’s 80+ Members account for 90% of Europe’s oil and gas production and 40% globally

Europe is the global leader of gender equality in the oil and gas industry

Resilience

Objective

A society of values cemented by security and prosperity.

Industry contribution

Supplying energy safely to meet society’s needs

Providing stability to an increasingly renewable-based energy system

How does our industry support resilience?

We supply energy from abroad and produce Europe’s domestic resources to help substitute Russian energy imports

Gas-fired power plants and low-carbon hydrogen can step in when renewable electricity sources are unavailable

Policy Recommendations

Preserve Europe’s attractiveness for global energy suppliers

Maximize the use of the EU’s own oil and gas resources

Diversify and secure the EU’s long-term energy supply

Sustainability

Objective

A leader in climate ambition and low-carbon technologies

Industry contribution

Reducing emissions across our operations while providing
mitigation solutions to emitters

Growing investments in
renewable and low-carbon technologies

How does our industry support resilience?

Our Members aim to help achieve near zero methane emissions across the gas value chain and we encourage our partners to do the same.

Our industry invests in a broad spectrum of large-scale renewable energy, low-carbon hydrogen and Carbon Capture Use and Storage (CCUS) projects in Europe and the world.

Policy Recommendations

Develop opportunities for all available mitigation technologies

Reduce European methane emissions further

Repurpose legacy assets and develop new infrastructure

Competitiveness

Objective

An economic power with an innovation edge.

Industry contribution

Innovating to modernize strategic industrial assets and create jobs fit for the energy transition

Leveraging our workforce’s global project execution skills to supply Europe with affordable energy along the transition

How does our industry support resilience?

We develop low-carbon solutions for hard-to-abate sectors, accompanying them on their journey to net-zero.

Our multicultural companies give young professionals international experience and transferable skills which they can use to lead a broad range of energy projects.

Policy Recommendations

Continue attracting large-scale investments needed to transition

Create net-zero technology leadership opportunities

Support a Just Transition