From Waste to Value. How we can have a positive view on a negative issue? Gas re-use to feed a circular virtuous value chain where gas-to-liquid offers opportunities out of the current threat for the environment in the form of methane emissions. Technology is mature and available. It is important to explain and work on the awareness of the potential offered by gas stimulating a new way of critical thinking regarding its repurposing.
Elisabetta Purlalli (Head of LNG Equity Valuation at Eni) will provide insights and experience on how to transform a threat into value having in mind the common goals of reducing carbon emissions down to zero while improving access to energy to local communities for local growth and monetizing of – otherwise wasted – resources.
Both the EU und the US have announced to introduce or amend policy targeting methane emissions in the oil and gas industry. Recently, the topic has attracted global attention in the face of COP26 starting later this month. Stakeholder expectations are high, but concrete actions and timelines for implementation remain uncertain. Several regulatory and voluntary reporting mechanisms and best practice guidelines exist to assess methane emissions of oil and gas operations. Do they create the right incentives to reduce emissions? What role does rapidly evolving technology for detection and quantification of methane emissions play? As it stands, there is no universally accepted way to estimate and compare methane emissions in the oil and gas industry on a global level. This, in turn, means that it is not currently possible to differentiate one producer from another based on their methane emissions performance. Gas buyers rarely have any credible assessment of the methane emissions performance of a batch of gas they are buying, and regulators have no credible way to assess and compare the methane performance of their natural gas portfolio being imported into their jurisdiction. Working together with the energy and environment sector, MiQ has developed a universally applicable system to credibly certify and differentiate natural gas based on its methane emissions performance. Market-based solutions, such as certification, have played a pivotal role in driving action on climate change and other environmental issues. Marco van Veen (Associate at MiQ) and Georges Tijbosch (Senior Adviser, MiQ) will explain how this approach uses market signalling to drive change outside of regulation, encouraging businesses – and individuals – to make decisions that are both in their own interests and society at large.
Elisabetta Purlalli (Eni)
After some years as a consultant, Elisabetta spent her career in Energy since 1999 covering different challenging positions mainly on gas, as Head of Negotiation for Long Term Gas Supply, Head of LNG Sales and SVP for Global LNG Business Development & LNG Origination worldwide. In 2018, leveraging on her transversal experience she was appointed SVP Digital, in charge of setting up from scratch the Digital Competence Center and Heading Eni Change Management for Digital Transformation worldwide. Since January this year she returning to LNG Business as Head of LNG Equity Valuation to grant a full value integration along the energy value chain. Elisabetta is strongly convinced that the Energy sector is a “never normal sector” with so many challenges that a flexible, changing attitude based on a people-centric approach is a must and that working on Awareness and Culture of people is key to progress consciously turning difficulties into opportunities.
Marco van Veen (MiQ)
Marco is an Associate at MiQ, a not-for-profit organization to drive methane emission reduction in the natural gas industry by creating a market-based solution for methane-certified and differentiated gas. Prior to joining MiQ, Marco was at the European Commission, working on security of supply and establishing a strategy to curb methane emissions as part of the Green Deal. Marco has experience in the evaluation of exploration performance within the oil and gas industry at Wintershall DEA. His interest is in the analysis of data uncertainty and its implications for decision making. He holds an M.Sc. degree in Georesources Management from RWTH Aachen University and spent a year abroad in Stavanger, Norway.
Georges Tijbosch (MiQ)
Georges Tijbosch is a Senior Adviser at MiQ. He is the former director of origination at Centrica, where he managed the team responsible for Centrica’s large gas and power transactions. Before that, Georges was a director for 10 years at London investment bank commodity trading desks. Positions included director of energy sales at Goldman Sachs, head of EMEA energy marketing at Bank of America Merrill Lynch and head of EMEA Commodity Finance at JP Morgan.
Moderators (SPE Gaia Team Europe):
Maria Giulia De Donno (SPE Italian Section),
Joschka Röth (SPE German Section, SPE Gaia Regional Liaison Europe).