Oil and Gas Industry Faces Setback in Flaring Reduction Efforts

Flaring emissions from global upstream oil and gas production activity increased by 7% from 2022 to 2023, according to latest Rystad Energy research. Upstream activities emit about 1 gigatonne per year of carbon dioxide CO2 in total, with flaring contributing around 30% of those emissions in 2023 assuming 98% flaring efficiency on average. Flaring reduction is considered a low-hanging fruit for oil and gas companies trying to reduce their carbon footprint.

The Middle East, in particular, saw a sharp increase in its flaring levels, reaching approximately 45 billion cubic meters Bcm — a 7% rise from last year. Russia continues to dominate on a country level, with around 28 Bcm flared in 2023 — up 12% from last year. Other countries with the highest absolute increases were Iran, the US and Libya, all of which had greater than 10% increases.

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