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Climate change

Key role of natural gas

Natural gas, at the heart of the energy transition

Aerial view of an oil platform in the ocean
We support the use of natural gas as the most efficient solution for bringing about a structured transition to a low-emissions future, and especially for its short-term potential to substitute coal in electricity generation. Our Exploration and Production portfolio reflects this position, with one of the highest percentages of gas over oil in the industry. Minimizing methane emissions to the atmosphere is essential as it ensures the advantages of natural gas as a low-carbon source of energy, which is fundamental for the energy transition.

More sustainable energy

Our focus on using natural gas as a fuel is a clear demonstration of our belief that it is the most efficient solution for bringing about a structured transition to a low-emissions future.
This fossil fuel has the lowest environmental impact.
It emits half as much CO2 as coal.
It will play a key role in reducing GHGs, especially in generating electricity.

Our 2025 Objective: Reduce methane intensity by 25%

Natural gas must play a fundamental role in the energy transition, which is why we have taken on the objective of reducing methane intensity by 25% in our operated assets by 2025, compared to 2017. This commitment is in line with the joint agreement within OGCI (Oil and Gas Climate Initiative) established in 2018. In order to achieve this goal, we focus primarily on three courses of action:

  • Implementing more precise technologies for emissions detection and quantification
  • Identifying and applying technological opportunities for emissions reduction.
  • Transition to a lower-emissions portfolio.
An operator turns a water valve in an industrial facility

Supporting regulations aimed at reducing methane gas emissions

  • We are committed to reducing methane emissions at our operations, and we support the role that direct regulation plays in achieving this, along with voluntary efforts like our objective to reduce methane emissions intensity by 25% in our operated exploration and production assets by 2025.
  • Our investments in technological innovation, through our Corporate Venturing fund and OGCI-CI (Oil & Gas Climate Initiative – Climate Investments), will also help to improve our capability to reduce emissions over time. Learn about our investments in this area.
  • Our ambition is to proactively engage with other players in the value chain, including joint venture partners in the gas production and transportation sector, to encourage them to commit to comparable efforts.
  • Governments have a pivotal role in developing and implementing policy and regulation that achieve ambitious methane emission reduction outcomes. For that reason, Repsol, together with BP, the Environmental Defense Fund, Eni, Equinor, the Florence School of Regulation, the Rocky Mountain Institute, Shell, Total, and Wintershall Dea, proposed a number of policy recommendations to the European Commission aimed at driving the reduction of methane emissions within the framework of Europe's Green Deal to reach climate neutrality by 2050.

Joining forces to reduce methane emissions

Climate & Clean Air Coalition logo

Climate & Clean Air Coalition

As part of this initiative, we have launched methane reduction projects in collaboration with other companies, institutions, and governments.
Methane Guiding Principles

Methane Guiding Principles

A group that creates guiding principles for the correct management of methane emissions, including measurement, mitigation, transparent reporting, and more.
Principles for Responsible Investors (PRI) Methane Initiative logo

Principles for Responsible Investors

An initiative that shares best methane emission management practices.

Find out about our memberships in global initiatives