Catalyst with Shayle Kann cover image

Catalyst with Shayle Kann

Why are we still flaring gas?

Aug 29, 2024
Tomás de Oliveira Bredariol, an energy and environmental policy analyst at the IEA, delves into the staggering issue of gas flaring, revealing that 150 billion cubic meters were flared last year alone. He explains why oil producers burn this valuable gas instead of utilizing it. The conversation explores the nine countries responsible for most flaring, challenges in building infrastructure, and the potential of converting flared gas into compressed or liquefied forms. They also discuss effective regulations and financial incentives needed to encourage reductions in flare volumes.
33:39

Podcast summary created with Snipd AI

Quick takeaways

  • Gas flaring represents a significant waste of natural gas due to inadequate infrastructure and economic incentives focused on oil extraction.
  • Regulatory frameworks and financial incentives have proven essential in reducing flaring volumes, as demonstrated by Nigeria's successful initiatives.

Deep dives

The Challenge of Gas Flaring

Gas flaring represents a significant market inefficiency where natural gas is burned instead of utilized, primarily due to the focus on oil extraction. Operators often lack the infrastructure or economic incentive to capture the gas produced alongside oil, especially in areas like the Permian Basin, where oil production is prioritized. This situation leads to large volumes of gas being flared, which amounted to approximately 150 billion cubic meters in the previous year, surpassing Norway's total natural gas production. By converting methane into carbon dioxide through flaring, the immediate climate impact is reduced, but the flaring process still results in substantial greenhouse gas emissions.

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