Pittsburgh-based EQT Corporation announced Friday that it has received certification for a majority of its natural gas production under both the EO100™ Standard for Responsible Energy Development and MiQ methane standard.
EQT’s certified natural gas production now comprises 4.5 percent of all natural gas produced in the United States, making EQT the largest American natural gas producer and the largest American certified natural gas producer.
“At EQT, we are committed to responsibly developing our world-class asset base. These independent, objective third-party certifications validate that our natural gas is produced with high environmental, social and governance standards and help position U.S. natural gas to lead the largest green initiative in the world, which is replacing foreign coal,” EQT President and CEO Toby Z. Rice said. “These results not only enable us to unlock growing domestic and international markets that are valuing a differentiated commodity, they also serve as an important validation of the environmental attributes of Appalachian natural gas.”
The company received the certifications in November, and the first block of the company’s certified natural gas is currently available for trading on MiQ’s Digital Registry. The certifications provide buyers and consumers with methods to track EQT’s ESG commitments, including achieving net zero Scope 1 and 2 greenhouse gas (GHG) emissions and reducing EQT’s methane emissions intensity by 65 percent by 2025.
EQT’s performance was assessed by Responsible Energy Solutions, which looked at nearly 200 well pads across Greene and Washington counties in Pennsylvania that combined produce about 4.0 Bcf per day.
The company said it had achieved the highest initial certification score ascribed by Equitable Origin to any upstream producer to date – in both the domestic and foreign markets.