The Economist has an excellent article on “the other greenhouse gas”, being methane (CH4) this week. As it rightly says, whilst there is a lot of focus on carbon dioxide, we must not underestimate the importance of addressing methane. According to The Economist, oil and gas production creates 22% of man-made methane emissions (which was […]
Natural Gas World just published our latest thought piece, co-authored with colleagues Andrei Belyi and Aziza Khalilova. Click to read the article. January saw first gas from the new Southern Gas Corridor pipeline from linking Caspian gas to the Italian gas hub. A great diversification play for the EU, but also excellent that Azerbaijan’s industry […]
Executive summary Flaring is major source of economic and environmental waste. Yet our research highlights that at least 7% of total worldwide flare volumes (11 BCM per year) is within 10 km of gas demand centres (e.g. gas powerplants, chemicals plant, LNG terminals). When this insight is integrated with data on the proximity of each […]
Executive summary Gas flaring creates more emissions than the airline industry, yet much of it can be solved technically and commercially. So-called “flare capture” projects are, therefore, “low-hanging fruit” that reduce emissions, create value and accelerate the energy transition. At COP21 in Paris in 2015, eleven countries made gas flaring a stated commitment to their […]
Download FPSOs are a significant source of gas flaring – some 4% of the global total, or 550 mmscf/d – almost $1 billion of potential revenue per year. Our global dataset highlights that 16 “super-flaring” FPSOs account for 50% of this volume (and 8% of FPSOs are responsible for 80% of the flaring). Whilst these […]
The Biden administration is moving quickly to decarbonise the US economy and re-enter the global frame on climate change. This is excellent news. A quick win to reduce emissions is to tackle gas flaring, especially in the onshore regions of the Permian, Eagleford and Bakken. In this paper, authored by the Rocky Mountain Institute and […]
The EU released its methane strategy last month. This is a good act of strategic leadership with some clear recommendations for the oil and gas industry. But the closely-related topic of gas flaring needs an equally clear approach. We also need an “EU Gas Flaring Strategy”. The EU imports more than 80% of its gas. […]
Today, the Petroleum Economist published an opinion piece co-authored by Professor Morgan Bazilian (Director, Payne Institute). The article (click to download) discusses how reducing gas flaring can both accelerate progress to net-zero and offer a swift boost to industry credibility. Increasing commitments to a ‘net-zero’ society—be it by 2050, 2060 or a sooner or later […]
Despite high levels of ambition, flaring is at a record high. We undertook a “flare perception survey” to explore why … and to identify how we can accelerate and scale action. Perceptions are key in today’s increasingly climate-conscious world. Our research confirmed that there are many benefits to reducing flaring (e.g. lower GHG emissions and […]
Pipelines are one of the key solutions to tackling flaring. Our research highlights that 54% of the 150 BCM flared annually by the oil and gas industry is within 20 km of a gas pipeline, and is therefore by definition, close to a connection to a market.
