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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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    Iraq is fourth on the list of countries emitting the most methane gas

    Rocky
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    Iraq is fourth on the list of countries emitting the most methane gas Empty Iraq is fourth on the list of countries emitting the most methane gas

    Post by Rocky Tue 16 Jan 2024, 4:55 am

    Iraq is fourth on the list of countries emitting the most methane gas

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    Economy News - follow up
     
    [rtl]Iraq ranked high on the list of countries emitting the most methane from oil and gas, according to an analytical report.[/rtl]
     
    [rtl]According to the report, Iraq ranked fourth in the world, after Iran, while Russia topped the list, while the United States of America ranked second, and third place went to Iran.[/rtl]
     
    [rtl]Talk about reducing methane emissions from oil and gas fields globally has increased intensely in recent years, especially with its low costs compared to other sectors that are more expensive to remove emissions.[/rtl]
     
    [rtl]A recent analytical report estimated the amount of methane emissions that could be avoided from the largest oil and gas fields around the world at tens of millions of tons in one year, if producers decided to focus their efforts on that.[/rtl]
     
    [rtl]The report was based on an analysis of field data collected by satellite on methane emissions from the 100 largest oil and gas fields in the world.[/rtl]
     
    [rtl]The fields of the Middle East and America are the most emitting[/rtl]
    [rtl]The data, analyzed by energy research firm Rystad Energy, revealed more than 100 major oil and gas fields emitting methane in the Middle East, Africa and Asia.[/rtl]
     
    [rtl]These major fields contributed less than 1% of global oil and gas production, but they released large amounts of methane emissions, reaching 100 million tons of carbon dioxide equivalent in 2022.[/rtl]
     
    [rtl]Rystad Energy's assessment indicates that more than half of global oil and gas methane emissions come from large venting and leakage events, while a smaller portion is attributable to flaring sources, emissions from equipment and smaller venting events.[/rtl]
     
    [rtl]The Middle East and North America region represents nearly half of global methane emissions from oil and gas exploration and production activities, followed by Asia, Russia and Africa.[/rtl]
     
    [rtl]By contrast, upstream methane emissions in South America and Europe appear relatively moderate, compared to the world's major oil and gas producing regions.[/rtl]
     
    [rtl]Some countries, such as many North African countries, are dominated by large venting events, while others are dominated by smaller, scattered emission sources.[/rtl]
     
    [rtl]The United States is an example of widely dispersed emissions with smaller volumes, which makes it face a different challenge in reducing methane emissions compared to other countries that have easier challenges controlling emissions that appear concentrated.[/rtl]
     
    [rtl]Europe's emissions are mostly imported[/rtl]
    [rtl]Although direct methane emissions in Europe from the extraction sector are low, the region's heavy reliance on imported oil and gas, which accounts for 80% of its consumption, typically leads to increased methane emissions.[/rtl]
     
    [rtl]The newly announced European Union regulations aim to address this issue by restricting methane emissions in global oil and gas value chains from upstream to downstream.[/rtl]
     
    [rtl]These regulations, which are scheduled to enter into force starting in 2027, prohibit the conclusion of new European contracts for the import of oil, gas and coal, unless exporters adhere to the same obligations imposed on producers in the European Union regarding monitoring, reporting and verification of emissions.[/rtl]
     
    [rtl]These regulations will also set limits on methane emissions to control whether or not imports of hydrocarbons into the European Union are acceptable, according to the Rystad Energy report.[/rtl]
     
    [rtl]Onshore fields account for 80%[/rtl]
    [rtl]Rystad Energy's satellite-based assessment data indicates that 80% of methane emissions from extraction activities come from conventional onshore fields, followed by shale oil fields at 15%, especially in the United States and Canada.[/rtl]
     
    [rtl]The reason why conventional onshore fields account for most of the emissions is due to their large contribution to global production, which reached almost half in 2022.[/rtl]
     
    [rtl]While the remaining 5% of methane emissions come from marine fields and oil sands, according to detailed data monitored by the Energy Research Unit.[/rtl]
     
    [rtl]In terms of methane intensity, on average, onshore operations have much higher levels than other sectors, while the methane footprint of marine production appears to be lower than the global average, especially in deepwater projects.[/rtl]
     
    [rtl]The decrease in methane emissions from deep offshore operations is due to several factors, most notably the technologies used, size, and undersea conditions. Modern offshore platforms are also distinguished by their possession of improved methane monitoring systems and equipment, which leads to lower leakage volumes, in addition to the tendency of deep fields to be more Burn rates are relatively low.[/rtl]
     
    [rtl]The dilemma of scarce and unreliable data[/rtl]
    [rtl]Methane emissions are attributed to 30% of the responsibility for the rise in global temperature since the industrial revolution until now. It is the second largest gas responsible for this after carbon, and half of its emissions come from 3 main sectors: Agriculture, waste and fossil fuels, according to the International Energy Agency.[/rtl]
     
    [rtl]Methane is classified as a powerful, short-lived greenhouse gas, due to its rapid dissipation from the atmosphere compared to carbon dioxide, but the degree of its potential global warming effect is 84 times higher than carbon, according to estimates by the International Energy Forum.[/rtl]
     
    [rtl]The issue of emissions of this gas has clearly risen to the top of the agenda and priorities of governments, operators and investors over the past two years, and this was evident in the COP 28 climate conference, which the UAE recently hosted.[/rtl]
     
    [rtl]Energy and climate experts are betting on countries' success in reducing methane emissions globally due to the ease of this process, compared to reducing carbon dioxide emissions, which is more complex and expensive.[/rtl]
     
    [rtl]Most of the reported data is still based on simple emission standards for on-site facilities and equipment, which falls far short of actual emissions that require more precise measurement standards.[/rtl]
    [rtl]
    Global and regional methane-targeted initiatives need to decisively address this obstacle of limited and inaccurate methane data, so that they can achieve the stated goals of achieving zero emissions in the short and medium term.[/rtl]


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