GE Report Finds Gas Flaring Wastes 5 Percent of Global Supply
Apr 13, 2011 5:00 PM ET
Campaign: Energy at GE
As gas is often present when drilling for oil, gas flaring has been part of the oil industry since its inception. With much work having been done over the last decade, large scale flaring is rare at new drilling projects.However, some of the largest waste gas streams occur in remote areas where lack of a market, lack of pipeline access, and/or small volumes do not justify the expense of gas gathering. "With greater global attention and concerted effort- including partnerships, sound policy and innovative technologies -- large-scale gas flaring could be largely eliminated in as little as five years. It's a win-win outcome," said Michael Farina, program manager at GE Energy and author of the white paper.
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