KazMunayGas, General Magnetic Canada discuss low-carbon development cooperation

CEO of KazMunayGas (KMG) Askhat Khassenov met on September 25 in Almaty with the CEO of the Canadian company General Magnetic Canada Inc. (GMCI) Alfred Duerr. They discussed the prospects of cooperation in methane emissions reduction and in the Global Methane Commitment, the press service of KMG reported.

KazMunayGas is the first Kazakh national company that joined the OGMP 2.0 Partnership to support the initiative. Over the next three years, the company is planning to make a detailed inventory of methane leaks at its production companies and to fix a baseline level of emissions. This will help to effectively monitor and reduce emissions at all stages of the production cycle.

To achieve these goals, Leak Detection and Repair (LDAR) at KMG subsidiaries is planned, which will significantly reduce fugitive methane emissions. Currently, the company is already working over measuring with its partners such as Carbon Limits and Tetra Tech.

The world's most advanced technologies could be used under cooperation with GMCI to monitor and reduce methane emissions.

The parties expressed confidence that joint efforts can lead to a strong reduction in methane emissions and will contribute to the sustainable development of energy sector of Kazakhstan.

General Magnetic Canada Inc. (GMCI) is a leading Canadian company, founded in 2008 in Calgary, which specializes in advanced technologies development for the energy industry to improve its efficiency and reduce methane emissions while lowering operating costs.