Global gas flaring value approaches US$24bn a year if priced at European prices

Global Gas Flaring Value Approaches US$24bn a Year if Priced at European Prices


Ten countries produced 80% of all flared gas, and their forgone revenue from failing to monetize the gas constituted over US$19bn in 2019, according to leading data and analytics company GlobalData. Algeria, Angola, Indonesia, Iran, Iraq, Libya, Nigeria, Russia, the U.S. and Venezuela represent the key global flarers of associated…

Support OILMAN Magazine

Please Log In to view this content.

Not a subscriber? Please Subscribe here for unlimited access.

3 Ways Technology is Going to Shape the Oil and Gas Industry Free to Download Today

Oil and gas operations are commonly found in remote locations far from company headquarters. Now, it's possible to monitor pump operations, collate and analyze seismic data, and track employees around the world from almost anywhere. Whether employees are in the office or in the field, the internet and related applications enable a greater multidirectional flow of information – and control – than ever before.

Related posts