Rising flaring calls for change and sustainable solutions
Oil and Gas News|October 2024
The WB’s report on gas flaring serves as a glaring reminder of the work that lies ahead, but also as a call to action to accelerate efforts towards a more sustainable and efficient energy future, says Hesham El Shamy, Head of Oil Gas Aggreko AMEA
ABDULAZIZ KHATTAK
Rising flaring calls for change and sustainable solutions

THE latest Global Gas Flaring Tracker Report has unveiled a disturbing trend in global gas flaring practices, emphasising the urgent need for change to mitigate its growing impact on our planet.

In 2023, gas flaring surged by nine billion cu m (bcm) to reach a staggering 148 bcm globally, releasing approximately 381 million tonnes of carbon dioxide equivalents (CO2e) – the highest level observed since 2019.

This alarming increase in gas flaring is equivalent to adding five million cars to the world's roads, painting a stark picture of the environmental consequences.

The 7 per cent rise from 2022 to 2023 represents a troubling reversal of the reduction trend observed between 2021 and 2022, raising significant concerns among environmental experts, policymakers, and industry leaders alike.

Nine countries, including the Russian Federation, Iraq, the US, Algeria, Libya, Nigeria, and Mexico, are responsible for a disproportionate 75 per cent of the world's gas flaring while only accounting for 46 per cent of oil production.

This imbalance underscores the need for targeted action in these regions to address the issue effectively and reduce global emissions.

The impact of this increased gas flaring extends far beyond mere numbers.

The volume of gas flared in 2023 is sufficient to double the energy supply currently available to the entire sub-Saharan Africa.

This comparison highlights the immense potential for positive change if gas flaring practices were better managed and the resources harnessed more effectively.

The World Bank's Zero Routine Flaring by 2030 initiative aims to eliminate non-emergency flaring, potentially reducing flared gas volumes by up to 95 per cent.

This ambitious goal, if achieved, would mark a significant milestone in the fight against climate change and resource waste.

Diese Geschichte stammt aus der October 2024-Ausgabe von Oil and Gas News.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der October 2024-Ausgabe von Oil and Gas News.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS OIL AND GAS NEWSAlle anzeigen
Ocean light pollution has been invisible for too long
Oil and Gas News

Ocean light pollution has been invisible for too long

Scientists increasingly understand the damage done by artificial light and action is needed now, says Thomas Davies of the Global Ocean Artificial Light at Night Network

time-read
4 Minuten  |
November 2024
NSK tapered roller bearings selected for wind turbines
Oil and Gas News

NSK tapered roller bearings selected for wind turbines

EUROPEAN wind turbine manufacturer NSK is set to use high-load-capacity tapered roller bearings in its 15 MW class offshore wind turbines.

time-read
1 min  |
November 2024
Syensqo launches extrudable PPS for sustainable piping
Oil and Gas News

Syensqo launches extrudable PPS for sustainable piping

SYENSQO has introduced Ryton PPS XE-5000NA, the first grade of an innovative extrudable polyphenylene sulfide (PPS) technology.

time-read
1 min  |
November 2024
Aspen Technology launches Microgrid Management System
Oil and Gas News

Aspen Technology launches Microgrid Management System

ASPEN Technology has introduced the AspenTech Microgrid Management System (MMS), a solution for heavy electrical power requirements in industries like refining, chemicals, and mining.

time-read
1 min  |
November 2024
Adnoc Gas uses 3D printing for replacement parts
Oil and Gas News

Adnoc Gas uses 3D printing for replacement parts

ADNOC Gas has developed a digital library of critical components for the energy industry, which can be manufactured on demand using advanced 3D printing technology.

time-read
1 min  |
November 2024
Africa's O&G growth offers logistics opportunities
Oil and Gas News

Africa's O&G growth offers logistics opportunities

THE African Export-Import Bank has signed a $162.9 million financing agreement with port infrastructure firm APD-Cameroon to support the construction of a $232.8 million port terminal in Douala in June 2024.

time-read
1 min  |
November 2024
APPO chief urges African unity against EU carbon tax
Oil and Gas News

APPO chief urges African unity against EU carbon tax

DR Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organisation (APPO), delivered a powerful message at the AOW - Investing in African Energy conference, calling for a unified African front in the global energy landscape and warning against the detrimental effects of the European Union's planned carbon border adjustment mechanism (CBAM).

time-read
1 min  |
November 2024
UNOC to develop East African Crude Oil Pipeline
Oil and Gas News

UNOC to develop East African Crude Oil Pipeline

THE Uganda National Oil Company (UNOC), in partnership with TotalEnergies, CNOOC, and the Tanzania Petroleum Development Corporation, is leading the development of the East African Crude Oil Pipeline (EACOP), a 1,443km infrastructure project linking Uganda's Tilenga and Kingfisher oilfields to Tanzania's Port of Tanga.

time-read
1 min  |
November 2024
Angola to award 15 new concessions by year-end
Oil and Gas News

Angola to award 15 new concessions by year-end

THE National Oil, Gas & Biofuels Agency (ANPG) – Angola’s concession aire and regulator – announced that 15 new concessions will be awarded in Angola before the end of 2024.

time-read
2 Minuten  |
November 2024
Rosatom accelerates African nuclear development
Oil and Gas News

Rosatom accelerates African nuclear development

ROSATOM, Russia's state-owned nuclear corporation, is accelerating African nuclear development by supporting the construction of nuclear energy facilities, capacity building, mining activities, and regulatory support.

time-read
1 min  |
November 2024