Methane emissions management includes solutions to understand, control and reduce emissions. Energy and industry is the second largest source of methane emissions in the United States and is the biggest source in other places of the world. Across the world, 25% of methane emissions come from the oil & gas industry. In the United States, fugitive emissions from the oil and gas industry are estimated to 13 million metric tons per year, amounting to $2 billion in lost revenue. Globally, the value of leaking gas is estimated to be $30 billion. As environmental concerns gain traction, sources of methane can easily be detected by satellites. Governments around the world are now pushing asset owners to solve this issue.
Methane emissions can be reduced by up to 45 percent by 2030 with less effort and with the use of available technologies. This was recently published by the United Nations Environment Program (UNEP) in the Global Methane Assessment.