Iraq and Russia lead gas flaring in 2020
S&P Global Platts said in a report that although gas flaring decreased by 5% to 142 billion cubic meters in 2020, seven major oil producers - Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria continued to be the largest gas flaring countries for a period Nine consecutive years according to the World Bank.
Although these countries produce 40% of the world's oil, they account for nearly two-thirds of global gas flaring.
Middle Eastern countries tend to account for a large proportion of gas flaring given the amount of oil produced in the region and the political turmoil sweeping the region.
“These countries tend to be fragile and conflict-affected and face a range of political challenges,” said Zubin Bamji, director of the World Bank's Global Partnership for Gas Flaring Reduction Program.
He added that other challenges facing the politically unstable Middle Eastern countries are the inability to attract investments.
As part of the World Bank's effort to end the 160-year-old practice of gas flaring, it also identified the world's oil importers most exposed to purchasing oil from producers with high gas flaring rates.
Switzerland was the country most affected by the so-called flaring of imported gas from oil fields at the producers that supplied it with crude in 2020, according to the World Bank's Flared Gas Imported Gas Index.
According to international energy standards, carbon from gas flaring must fall within Scope 1 of emissions that occur from sources controlled or owned by an organization or a country. But in some cases, they can fall under Scope 3, or value chain emissions because their definition is complicated by the multiple ways in which oil imports are used in consuming countries.
And she indicated that looking at the intensity of gas flaring for imported oil is one of the areas of carbon intensity examination, which has become a hot issue as energy producers seek to pump low-carbon oil and allow their crude to be the last barrel standing with increasing demand scenarios.
This means that crude oil exporters will have to regulate emissions limits and establish reliable emissions monitoring and reporting systems.
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