Overview
- The IEA’s Global Methane Tracker 2026, released Monday, reports fossil-fuel methane at about 124 million tonnes in 2025 with no global decline.
- The agency estimates nearly 15 billion cubic metres of gas could reach markets very quickly through readily available fixes, with longer-term steps delivering roughly 100 bcm a year from operations plus another 100 bcm by ending non-emergency flaring.
- France hosted a G7 methane meeting in Paris Monday to press for faster action before COP31, with officials warning the world is far from the pledge to cut methane 30% by 2030.
- With the near-closure of the Strait of Hormuz cutting about 20% of global LNG, the IEA says methane fixes could offset roughly twice that loss.
- About 70% of fossil-fuel methane is technically abatable with existing technology, and many measures would pay for themselves at recent gas prices.