SEAPEAK BECOMES FIRST SHIPPING COMPANY TO JOIN UN OIL AND GAS METHANE PATRNERSHIP (OGMP 2.0)

Vancouver, Canada, September 16 – Seapeak, a leader in the global transportation of Liquified Natural Gas and other Natural Gas Liquids, is proud to announce its official membership in the Oil and Gas Methane Partnership (OGMP 2.0).

OGMP 2.0 is a voluntary initiative launched by the United Nations Environment Programme (UNEP) to improve the monitoring, reporting, and verification of methane emissions from oil and gas operations. By joining OGMP 2.0, Seapeak will leverage its maritime expertise to contribute to global methane reduction goals, enhance transparency, and drive meaningful change in the shipping and maritime industry.

Mark Kremin, CEO of Seapeak, expressed optimism about the new partnership: “Despite our thesis that LNG will continue to improve the world for decades to come, methane emissions can be managed better.  Our first step as an OGMP 2.0 member is to install better measuring equipment across our LNG fleet.  What one can’t measure, one can’t manage.”

Seapeak’s involvement will allow it to adopt best practices, implement cutting-edge technologies, and collaborate with other industry leaders to reduce emissions.

Giulia Ferrini, OGMP 2.0 Programme Manager, welcomed Seapeak to the partnership: “We are looking forward to Seapeak’s contribution to our community of practice and hope that their efforts to improve methane emissions reporting and management practices will help move the LNG sector towards net zero emissions and inspire other companies to join the OGMP 2.0”

About Seapeak

Seapeak is one of the world’s largest owners and operators of liquefied gas carriers, providing services primarily under long-term, charters through its interests in 49 LNG carriers (including 5 newbuildings) and 44 NGL carriers (including 12 newbuildings).  Seapeak’s ownership interests in these vessels range from 20 to 100 percent. In addition, Seapeak owns a 30 percent interest in an LNG regasification terminal.

For more information, please visit: www.seapeak.com.