Gas flaring – the combustion of unwanted natural gas produced during oil recovery – is losing many oil-producing countries up to $82bn*, according to GlobalData. The leading data and analytics company notes that, even though technological solutions exist to avoid gas flaring, many countries persist with the activity – including developed countries such as the US and Russia. Besides lost revenue, this is also an environmental issue, as gas flaring is one of the major contributors to CO2 emissions.
According to GlobalData’s report, ‘Gas Flaring – Thematic Research’, countries could make up to $82bn*, if they utilized this gas instead of flaring it.
…
Related posts:
It’s raining tech unicorns in India with increasing digital adoption, says GlobalData
Netherlands on track to phase out coal power by 2030, says GlobalData
New low-cost start-up Bonza Airlines set to fill void in Australia’s domestic routes, says GlobalDat...
Reduced risk of CV morbidity and mortality demonstrated in FIGARO-DKD study
