$50 billion worth natural gas wasted through flaring
The world's oil producers are wasting more than $50 billion a year of natural gas by burning it off in flares — and adding significantly to the world's greenhouse gas emissions in the process.
A study commissioned by the World Bank estimates that, based on satellite photos, 170 billion cubic metres of natural gas went up in oil producers' flares last year.
The bank said the amount was equivalent to 27 per cent of the entire US consumption of natural gas, and 5.5 per cent of global gas output, and has called upon the various countries and producers to take steps to reduce the wastage.
I'm wondering whether the oil & gas industry equipment manufacturers have given this opportunity enough thought...
Read the full news report from here @ The Age, Australia
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