2024-2029 MANIFESTO
Taciti arcu justo himenaeos elementum morbi integer mattis, ullamcorper mi ultricies neque quis torquent fames, magna a class velit ante scelerisque. Per volutpat cursus fusce iaculis sociosqu imperdiet curabitur aliquet, curae nibh accumsan torquent molestie primis ultrices habitant consequat, magna tincidunt taciti malesuada quis habitasse nisl.
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 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 by:
- Ensuring the functioning of the EU’s integrated and competitive energy market
- Limiting distortive interventions which can have counterproductive consequences
Maximize the use of the EU’s own oil and gas resources by:
- Including them, where possible, in National Energy & Climate Plans
- Removing unnecessary barriers to the exploration, development and production of resources in Europe
Diversify and secure the EU’s long-term energy supply by:
- Promoting long-term gas supply contracts with reliable suppliers
- Supporting the exploration & production of Europe’s significant oil & gas resources
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 by:
- Accelerating the deployment of CCUS by recognizing and using its full potential, including achieving negative emissions
- Supporting low-carbon hydrogen demand through a level playing field
Reduce European methane emissions
further by:
- Taking cost-effective, feasible, risk-based measures which maximize environmental impact
- Ensuring informed policymaking to address all sources of methane emissions effectively
Repurpose legacy assets and develop new infrastructure by:
- Developing and adapting infrastructure where appropriate to transport hydrogen and CO2, including across borders
- Reusing and repurposing oil & gas platforms and pipelines no longer in use to produce and transport renewable energy and/or hydrogen
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 by:
- Ensuring the stability of fiscal regimes in Europe
- Preserving the competitiveness of Europe’s strategic industries and effective functioning
Create net-zero technology leadership opportunities by:
- Developing and strengthening global energy partnerships with Europe’s reliable trade partners
- Promoting the European energy industry’s low-carbon technology solutions globally
Support a Just Transition by:
- Protecting vulnerable consumers and strategic sectors through targeted financial support
- Reskilling the energy workforce to reduce operational emissions and deploy low-carbon technologies