GE Report Finds Gas Flaring Wastes 5 Percent of Global Supply

Primary tabs

GE Report Finds Gas Flaring Wastes 5 Percent of Global Supply

tweet me:
#GE report finds gas flaring wastes 5% of world's natural gas, emits 400m metric tons of CO2 annually http://3bl.me/zf66nw

Summary

400 million metric tons of carbon dioxide is released into the atmosphere every year due to the burning of gas produced during oil drilling. New findings by GE show that nearly $20 billion in wasted natural gas could be used to generate reliable, affordable electricity and yield billions of dollars per year in increased global economic output. This GreenBiz article discusses the report by GE, referencing how the gas emissions vary depending on region and what objectives need to be set to resolve the issue.

Wednesday, April 13, 2011 - 4:00pm

CAMPAIGN: Energy at GE

CONTENT: Blog

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.

 
About GE
GE (NYSE: GE) is an advanced technology, services and finance company taking on the world’s toughest challenges. Dedicated to innovation in energy, health, transportation and infrastructure, GE operates in more than 100 countries and employs about 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.
 
Citizenship at GE is more than a program or a set of good intentions - it is a full-time commitment built upon cultural behaviors and actions. These actions are integrated with business strategy and have defined goals, strategies and metrics that make it actionable and accountable.
 
GE13024
Keywords: Energy | European Union | GE | Gas flaring | Government | Technology | environment | natural gas | oil production

CAMPAIGN: Energy at GE

CONTENT: Blog