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Oil and Gas Industry Faces Setback in Flaring Reduction Efforts

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Flaring Emissions Nieuws

Oil And Gas Industry,Upstream Emissions,Carbon Footprint

A new report from Rystad Energy reveals a concerning increase in global flaring emissions, reversing recent progress in reducing the environmental impact of oil and gas production.

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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