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Climate change

Key role of natural gas

Natural gas, at the heart of the energy transition

We support the use of natural gas as an essential fuel for generating electricity in the move to a low-emissions economy.

A more sustainable energy solution

  • Reducimos nuestros residuos
    This fossil fuel has the lowest environmental impact.
  • It produces half as much CO2 emissions as coal.

    It emits half as much CO2 as coal.

  • It will play a key role in reducing GHGs, especially in generating electricity.

    It will play a key role in reducing GHGs, especially in generating electricity.

Energy transition

Currently, 42% of global emissions come from the electricity sector and coal is responsible for approximately two-thirds of them. Replacing coal with natural gas would reduce the sector’s emissions by one-third.

Gas as our forward-looking commitment

Explotación de gas de Repsol

We drew up the company's 2016–2020 Strategic Plan for a low-emissions world. Our obvious emphasis 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.

Repsol is in a good position compared to its competitors: our exploration and production portfolio is moving toward a higher percentage of gas than oil:

  • +60% of our production
  • +70% of our resevrves
  • ~95% of the fuel consumed in our facilities
  • 2025 objective: Aspiring to acquire a 15% share of the wholesale gas market in Spain

Reducing methane emissions, an opportunity to mitigate GHGs

Natural gas must play an immediate and fundamental role in reducing fossil fuel emissions. However, the key to achieve this lies in reducing the methane emissions associated with the production of fossil fuels, as their global warming potential is 25 times greater than CO2 over a period of 100 years.

According to the International Energy Agency, reducing methane emissions in our sector’s activities is one of the five main global opportunities for mitigating greenhouse gases in order to meet the ambitious 2ºC target.

  • Aiming to reduce methane emissions by 25% by 2025

Supporting regulation to boost emissions reductions

  • At Repsol, we are committed to reducing methane emissions in our operations and support the role regulations play in achieving that, complemented by voluntary efforts such as our own Company's methane reduction target. The methane commitment announced in 2018 highlights the fact that we are already taking a series of actions to this end even when not required by current regulation.
  • We also believe that our investments in technology innovation, both through our corporate venture capital and OGCI-CI, will help improve the capability to reduce emissions over time.
  • Our ambition is to proactively engage with other players in the value chain, including downstream and joint venture partners, to encourage them to commit to comparable efforts.

Leak detection and repair campaigns: LDAR programs

An operator walking around a Repsol gas facility

Regardless of the geographical location of our operations and the specific legislation in each country, we carry out regular leak detection and repair campaigns at our gas production facilities and continue to seek new opportunities to further reduce emissions.

Joining forces to reduce methane emissions

As part of our commitment, we have joined the UN Environment Climate & Clean Air Coalition – Oil & Gas Methane Partnership. As part of this initiative, we are implementing methane emissions reduction projects in coordination with other companies, institutions, and governments.
Climate & Clean Air Coalition logo

Climate & Clean Air Coalition

Repsol has signed up to the UN Environment’s international Climate & Clean Air Coalition – Oil&Gas Methane Partnertship initiative. As part of this initiative, we have launched methane reduction projects in collaboration with other companies, institutions, and governments. This allows us to break down barriers, and find technically and economically viable solutions.
Methane Guiding Principles

Methane Guiding Principles

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

Principles for Responsible Investors (PRI) Methane Initiative

An initiative that shares best methane emission management practices.