A new process concept integrating power to methane with top gas recycling in an oxygen blast furnace (BF) is investigated to reduce the emission intensity of steelmaking. Power to gas produces synthetic methane using hydrogen (H2) generated by an electrolyser operated with renewable electricity, and CO2 captured from the BF gas by amine scrubbing supplied with heat from the methanation process. The clean gas from the amine scrubbing is recycled and injected in the BF (via top gas recycling), together with synthetic methane. A parametric analysis is performed to vary the amount of top gas recycled (from 0 kg/tHM to 270 kg/tHM). Based on the results, CO2 equivalent emissions can decrease by 34% using power to gas technology, and by 30% with power to gas and top gas recycling (compared to conventional BFs). Nevertheless, if both integrations are present, additional benefits on the specific energy consumption (12.0 MJ/tHM), and specific cost (130 €/tHM) are achieved, compared to only applying power to gas (17.5 MJ/tHM and 233 €/tHM). In all cases, the downstream thermal energy needs of the steel plant are fulfilled, contrarily to conventional top gas recycling concepts. The main conclusion is that top gas recycling should be considered together with PtG technology, and vice versa, when integrated in blast furnace ironmaking, in order to both abate emissions while supplying downstream energy needs.