National Fuel Gas Company Continues Peer Leading Sustainability Initiatives Through EO100TM and MiQ Programs
National Fuel Gas Company has achieved significant sustainability milestones through two key re-certifications. The company's Midstream segment has been re-verified under the EO100™ Standard, earning an 'A-' grade and becoming the first entity to improve two grades after initial certification. The verification covers 100% of their natural gas gathering system assets across five principles including corporate governance, social impacts, Indigenous Peoples' rights, safety standards, and environmental impacts.
Additionally, Seneca Resources, NFG's Upstream segment, has been re-certified by MiQ with an 'A' grade for their Appalachian natural gas production assets, which produce over 1 billion cubic feet daily. The MiQ certification evaluates methane intensity, emissions management practices, and monitoring technology deployment.
National Fuel Gas Company ha raggiunto importanti traguardi di sostenibilità attraverso due significative ricertificazioni. Il segmento Midstream dell'azienda è stato ri-verificato secondo lo Standard EO100™, ottenendo un voto 'A-' e diventando la prima entità a migliorare di due gradi dopo la certificazione iniziale. La verifica copre il 100% dei loro beni del sistema di raccolta del gas naturale su cinque principi, tra cui la governance aziendale, gli impatti sociali, i diritti delle popolazioni indigene, gli standard di sicurezza e gli impatti ambientali.
Inoltre, Seneca Resources, il segmento Upstream di NFG, è stato ri-certificato da MiQ con un voto 'A' per i loro beni di produzione di gas naturale dell'Appalachia, che producono oltre 1 miliardo di piedi cubi al giorno. La certificazione MiQ valuta l'intensità del metano, le pratiche di gestione delle emissioni e l'implementazione di tecnologie di monitoraggio.
National Fuel Gas Company ha alcanzado hitos significativos en sostenibilidad a través de dos recertificaciones clave. El segmento Midstream de la empresa ha sido re-verificado bajo el Estándar EO100™, obteniendo una calificación de 'A-' y convirtiéndose en la primera entidad en mejorar dos grados tras la certificación inicial. La verificación cubre el 100% de sus activos del sistema de recolección de gas natural en base a cinco principios, incluyendo gobernanza corporativa, impactos sociales, derechos de los pueblos indígenas, estándares de seguridad y impactos ambientales.
Además, Seneca Resources, el segmento Upstream de NFG, ha sido recertificado por MiQ con una calificación 'A' para sus activos de producción de gas natural de los Apalaches, que producen más de 1 mil millones de pies cúbicos diariamente. La certificación MiQ evalúa la intensidad de metano, prácticas de gestión de emisiones y la implementación de tecnología de monitoreo.
내셔널 연료 가스 회사는 두 가지 주요 재인증을 통해 중요한 지속 가능성 이정표를 달성했습니다. 회사의 미드스트림 부문은 EO100™ 표준에 따라 재확인되어 'A-' 등급을 받았으며, 최초 인증 후 두 등급을 개선한 첫 번째 기관이 되었습니다. 이 검증은 기업 거버넌스, 사회적 영향, 원주민 권리, 안전 기준 및 환경 영향 등 다섯 가지 원칙에 따라 100% 가스 수집 시스템 자산을 포괄합니다.
또한, 세네카 자원, NFG의 업스트림 부문은 그들의 애팔래치아 천연 가스 생산 자산에 대해 MiQ로부터 'A' 등급으로 재인증을 받았습니다. 이 자산은 일일 10억 입방 피트를 초과 생산합니다. MiQ 인증은 메탄 강도, 배출 관리 관행 및 모니터링 기술 배치를 평가합니다.
National Fuel Gas Company a atteint d'importants jalons en termes de durabilité à travers deux nouvelles certifications clés. Le segment Midstream de l'entreprise a été re-vérifié selon le Standard EO100™, obtenant une note de 'A-' et devenant la première entité à améliorer deux niveaux après la certification initiale. La vérification couvre 100% de leurs actifs du système de collecte de gaz naturel selon cinq principes, notamment la gouvernance d'entreprise, les impacts sociaux, les droits des peuples autochtones, les normes de sécurité et les impacts environnementaux.
De plus, Seneca Resources, le segment Upstream de NFG, a été re-certifié par MiQ avec une note 'A' pour ses actifs de production de gaz naturel des Appalaches, qui produisent plus d'un milliard de pieds cubes par jour. La certification MiQ évalue l'intensité du méthane, les pratiques de gestion des émissions et le déploiement de la technologie de surveillance.
National Fuel Gas Company hat bedeutende Nachhaltigkeitsmeilensteine durch zwei wichtige Rezertifizierungen erreicht. Der Midstream-Sektor des Unternehmens wurde gemäß dem EO100™ Standard neu verifiziert und erhielt die Note 'A-', wodurch er die erste Einheit wird, die sich nach der Erstzertifizierung um zwei Noten verbessert. Die Verifizierung umfasst 100% der Vermögenswerte ihres Erdgasförderungssystems, die auf fünf Prinzipien basieren, darunter Unternehmensführung, soziale Auswirkungen, Rechte indigener Völker, Sicherheitsstandards und Umweltwirkungen.
Zudem wurde Seneca Resources, der Upstream-Sektor von NFG, von MiQ mit der Note 'A' für ihre Produktionsanlagen für Erdgas in den Appalachen neu zertifiziert, die täglich über 1 Milliarde Kubikfuß produzieren. Die MiQ-Zertifizierung bewertet die Methanintensität, Praktiken zur Emissionskontrolle und den Einsatz von Überwachungstechnologie.
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Midstream Company Achieves Re-verification under the Equitable Origin Standard and Seneca Resources Achieves Re-certification under MiQ
WILLIAMSVILLE, N.Y., Oct. 30, 2024 (GLOBE NEWSWIRE) -- National Fuel Gas Midstream Company, LLC (Midstream), the Gathering segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or the Company), has been re-verified under Equitable Origin’s EO100™ Standard for Responsible Energy Development. The re-verification independently confirms that Midstream continues to adhere to the performance obligations earned under Midstream’s initial EO100™ certification, achieved in 2023, while also verifying Midstream’s commitment to the continuous improvement plan established upon initial certification. During the re-verification process completed in October 2024, Midstream was awarded an “A-” grade, with Midstream recognized as the first entity in the EO100™ framework to improve two grades following initial certification.
Furthermore, Seneca Resources, NFG’s Upstream segment, announced it has been re-certified by MiQ and was awarded an “A” grade (the highest certification level available) for
“The EO100™ and MiQ re-certifications that Midstream and Seneca achieved demonstrate our dedication to sustainability through our proactive emissions reduction efforts and best practices,” said Justin Loweth, President of Seneca Resources Company, LLC and National Fuel Gas Midstream Company, LLC. “I am proud of the work our team has done to not only achieve these accolades, but their commitment to build upon these certifications, engraining these principles and practices into our everyday culture.”
About National Fuel Gas Company:
National Fuel is a diversified energy company headquartered in Western New York that operates an integrated collection of natural gas assets across four business segments: Exploration and Production, Pipeline and Storage, Gathering and Utility. Additional information about National Fuel is available at www.nationalfuel.com.
NFG Contacts:
Natalie Fischer
Analyst Contact
716-857-7315
Karen Merkel
Media Contact
716-857-7654
About Equitable Origin:
Equitable Origin is a non-profit organization that created the first market-based mechanism to recognize and reward responsible energy producers and to empower energy purchasers through independent, site-level certification. The EO100™ Standard for Responsible Energy Development is grounded in a set of comprehensive, globally applicable ESG performance targets developed with extensive stakeholder input. Certification against the EO100™ Standard promotes best practices and drives improvements in ESG performance while enabling a market for differentiated energy production. To learn more visit energystandards.org.
About MiQ:
MiQ is an independent not-for-profit established by RMI and SYSTEMIQ to facilitate a rapid reduction in methane emissions from the oil and gas sector. MiQ works with operators across the full supply chain to provide the data needed to understand and reduce methane emissions. To learn more visit miq.org.
Cautionary Statements
Certain statements contained herein, including statements identified by the use of the words “anticipates,” “expects,” “intends,” “plans,” “predicts,” “projects,” “believes,” “will,” “may,” and similar expressions, and statements other than statements of historical facts, are “forward-looking statements” as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties, which could cause actual results or outcomes to differ materially from those expressed in the forward-looking statements. While National Fuel’s expectations, beliefs, and projections are expressed in good faith and are believed to have a reasonable basis, actual results may differ materially from those projected in forward-looking statements. In addition to other factors, the following are important factors that could cause actual results to differ materially from those discussed in the forward-looking statements: (1) National Fuel’s ability to estimate accurately the time and resources necessary to implement new practices; (2) governmental/regulatory actions and/or market pressures to reduce or eliminate reliance on natural gas; and (3) the other risks and uncertainties described in (i) National Fuel’s most recent Annual Report on Form 10-K at Item 7, MD&A, and Quarterly Reports on Form 10-Q at Item 2, MD&A, under the heading “Safe Harbor for Forward-Looking Statements,” and (ii) the “Risk Factors” included in National Fuel’s most recent Annual Report on Form 10-K at Item 1A and Quarterly Reports on Form 10-Q at Item 1A. National Fuel disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof. Because of these risks and uncertainties, readers should not place undue reliance on these forward-looking statements or use them for anything other than their intended purpose.
FAQ
What grade did National Fuel Gas Midstream (NFG) receive in its 2024 EO100™ re-verification?
What production volume is covered by Seneca Resources' MiQ certification for NFG?
What areas does the EO100™ Standard evaluate for NFG's Midstream operations?
What grade did Seneca Resources (NFG) achieve in its MiQ re-certification?
