The latest statistics for gas flaring in 2010 show that last year oil producers flared more than 130 Bcm of unwanted natural gas, most of it in Russia, the Gulf of Guinea and the Middle East. Even oil producers acknowledge this is wasteful, damages the environment and blights the lives of communities that live nearby. Yet a decade of work by the World Bank to encourage action has been only partially successful. Successive deadlines to snuff out the flares continue to be missed. Given that there are many ways in which surplus gas could be utilised, why has progress been so slow?
Subscribe Information
subscribe-information" title="Subscribe Information">Subscribe Information
To view this article in full please subscribe or call us on + 44 (0) 207 332 9981.
Alternatively, you can request a trial for 14 days full access to the current issue of this publication.