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"Global Mining Descisions in Your Palms"
The latest Global Gas Flaring Tracker Report has exposed an alarming trend in gas flaring practices worldwide, underscoring the pressing need for immediate action to address its escalating environmental impact. In 2023, gas flaring surged by nine billion cubic metres (bcm), reaching an astounding total of 148 bcm globally, and releasing about 381 million tonnes of carbon dioxide equivalents (CO2e)—the highest level recorded since 2019.
This significant increase in gas flaring is equivalent to adding five million cars to the world’s roads, highlighting the environmental toll. The 7% increase from 2022 to 2023 marks a concerning reversal from the reduction seen between 2021 and 2022, raising red flags among environmental experts, policymakers, and industry stakeholders.
Notably, nine countries ncluding the Russian Federation, Iraq, the United States, Algeria, Libya, Nigeria, and Mexico are responsible for 75% of the world’s gas flaring, while accounting for only 46% of global oil production. This discrepancy points to the need for targeted action in these regions to reduce emissions effectively.
Beyond mere numbers, the increase in gas flaring has profound implications. The amount of gas flared in 2023 alone could double the current energy supply available to sub-Saharan Africa, showcasing the potential for positive change if better management and use of flared gas were implemented.
The World Bank’s Zero Routine Flaring by 2030 initiative aims to eliminate all non-emergency flaring, which could potentially cut global flared gas volumes by up to 95%. Achieving this target would be a significant victory in the global fight against climate change and resource waste.
Additionally, innovative flare-to-power technologies offer a promising path forward, providing a sustainable alternative by harnessing the energy potential of flared gas. This approach turns what has traditionally been considered a waste product into a valuable energy resource. By capturing and utilizing flared gas, companies can generate electricity, boosting energy efficiency while minimizing their environmental footprint.
The flare-to-power concept addresses several key challenges as it reduces direct greenhouse gas emissions, improves energy efficiency, and creates a reliable power source in regions where energy access is limited. This approach not only mitigates environmental harm but also supports economic development in underpowered areas, thus enhancing quality of life.
However, the widespread adoption of flare-to-power solutions is not without obstacles. Many companies lack the necessary infrastructure to capture and utilize flared gas effectively. The upfront costs for establishing such infrastructure can be substantial, and without clear economic incentives, operators may be reluctant to invest. Additionally, flared gas is often an inconsistent power source, as its availability depends on fluctuating oil production levels.
Despite these challenges, the potential benefits are too substantial to ignore. Beyond the environmental gains, economic and social benefits further justify the need for change. As global pressure mounts for climate action, companies that proactively reduce emissions and improve environmental performance stand to gain a competitive edge. This could manifest in improved public perception, stronger relationships with regulators, and even premium pricing for sustainably produced oil and gas.
Addressing gas flaring challenges requires a multi-pronged approach, blending policy initiatives, industry practices, and technological innovation. Aggreko, a leading energy solutions provider, offers a suite of technologies designed to mitigate gas flaring while harnessing its potential benefits.
Aggreko’s solutions includes:
1. Scalable solutions: As gas volumes fluctuate, Aggreko offers phased reductions and scaling-up processes to ensure optimal resource utilization.
2. Real-time gas analysis & engineering: Their cutting-edge technology provides real-time insights into gas composition, ensuring a consistent gas supply for power generation.
3. Bespoke engineering: Aggreko tailors custom solutions to individual needs, providing full turnkey services with industry-leading reliability and safety standards.
4. Expertise in extreme conditions: Having successfully implemented Associated Petroleum Gas (APG) and flare-to-power projects globally, Aggreko’s experience spans challenging environments from the cold North to the searing heat of the Middle East.
5. Commercial flexibility: Aggreko offers flexible financing options, including energy-as-a-service models and opportunities to purchase power plants at the end of contracts.
6. Proven track record: With over 1 GW of installed capacity for APG projects, Aggreko is a trusted partner in sustainable energy generation.
Aggreko’s vision for a sustainable future extends beyond technological innovations. Through its Energising Change initiative, the company is committed to health, safety, and transitioning towards Net Zero emissions by converting gas flaring into sustainable power. This mission aligns with their Accelerating Transition program, which helps clients shift toward sustainable energy solutions.
As the global community grapples with the challenges of climate change, solutions like Aggreko’s flare-to-power technologies play a pivotal role in turning harmful practices into opportunities for sustainability. By adopting these technologies, the oil and gas industry can contribute meaningfully to global emission reduction efforts while enhancing operational efficiency.
The journey to eliminating routine flaring is complex, but it is achievable through collaboration between governments, industry leaders, and technology providers. By aligning policy frameworks, innovations, and best practices, stakeholders can address the gas flaring crisis. The latest Global Gas Flaring Tracker Report serves as both a sobering reminder of the work ahead and a call to action for stakeholders to accelerate their efforts towards a cleaner, more sustainable energy future.
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