shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » Nigeria, Six Other Nations Account For 65% of Global Gas Flaring – World Bank

Nigeria, Six Other Nations Account For 65% of Global Gas Flaring – World Bank

by Joshua
May 3, 2021
in Oil and Gas

In an unprecedented year for the oil and gas industry, oil production declined by 8% in 2020, while global gas flaring reduced by 5%, according to satellite data compiled by the World Bank’s Global Gas Flaring Reduction Partnership (GGFR).

Oil production dropped from 82 million bpd in 2019 to 76 million bpd in 2020, as global gas flaring reduced from 150 billion cubic meters (bcm) in 2019 to 142 bcm in 2020. Nonetheless, the world still flared enough gas to power sub-Saharan Africa. The United States accounted for 70% of the global decline, with gas flaring falling by 32% from 2019 to 2020, due to an 8% drop in oil production, combined with new infrastructure to use gas that would otherwise be flared.

Gas flaring satellite data from 2020 reveals that Russia, Iraq, Iran, the United States, Algeria, Venezuela and Nigeria remain the top seven gas flaring countries for nine years running, since the first satellite was launched in 2012. These seven countries produce 40% of the world’s oil each year, but account for roughly two-thirds (65%) of global gas flaring.

This trend is indicative of ongoing, though differing, challenges facing these countries. For example, the United States has thousands of individual flare sites, difficult to connect to a market, while a few high flaring oil fields in East Siberia in the Russian Federation are extremely remote, lacking the infrastructure to capture and transport the associated gas.

Gas flaring, the burning of natural gas associated with oil extraction, takes place due to issues, including market and economic constraints and a lack of appropriate regulation and political will. The practice results in a range of pollutants released into the atmosphere, including carbon dioxide, methane and black carbon (soot). The methane emissions from gas flaring contribute significantly to global warming in the short to medium term, because methane is over 80 times more powerful than carbon dioxide on a 20-year basis.

“In the wake of the COVID-19 pandemic, oil-dependent developing countries are feeling the pinch, with constrained revenues and budgets. But with gas flaring still releasing over 400 million tons of carbon dioxide equivalent emissions each year, now is the time for action. We must forge ahead with plans to dramatically reduce the direct emissions of the oil and gas sector, including from gas flaring,” said Demetrios Papathanasiou, Global Director for the Energy and Extractives Global Practice at the World Bank.

The World Bank’s GGFR is a trust fund and partnership of governments, oil companies, and multilateral organizations working to end routine gas flaring at oil production sites around the world. GGFR, in partnership with the U.S. National Oceanic and Atmospheric Administration (NOAA) and the Colorado School of Mines, has developed global gas flaring estimates based upon observations from two satellites, launched in 2012 and 2017. The advanced sensors of these satellites detect the heat emitted by gas flares as infrared emissions at global upstream oil and gas facilities.

“Almost 80 governments and oil companies have committed to Zero Routine Flaring within the next decade and some are also joining our global partnership, which is a very positive development,” said Zubin Bamji, Program Manager of the World Bank’s GGFR Partnership Trust Fund. “Gas flaring reduction projects require significant investment and take several years to produce results … To save the world from millions of tons of emissions a year, this 160-year-old industry practice must now come to an end.”


Tags: FG

Related Posts

HOSCON Alleges Plot to Sabotage Tantita, Seeks Tinubu's Urgent Intervention

HOSCON Alleges Plot to Sabotage Tantita, Seeks Tinubu’s Urgent Intervention

June 29, 2026
Nigeria Targets 2.5mbpd Oil Output  – Minister

Nigeria Targets 2.5mbpd Oil Output  – Minister

June 15, 2026
Senate Urges Commission To Return Atala Marginal Oil Field To Owners

Nigeria’s Oil Outlook Under Pressure as Rig Count Falls Sharply, Raising Output and Revenue Concerns

June 15, 2026
PIA: FG Pledges All Round Development Of Oil Producing Communities

NUPRC Notifies Pre-Qualified Applicants For 2025 Licensing Round

March 23, 2026

Discussion about this post

Latest News

Customs Intercepts N53.39bn Worth of Illicit Drugs, Fake Medicines at Apapa Port

Customs Intercepts N53.39bn Worth of Illicit Drugs, Fake Medicines at Apapa Port

July 1, 2026

SICL @ 40: Transforming Lives, 40 years On

Navy Disrupts Extortion Syndicates In Rivers Creeks

NRC Grants Lagos Permanent Licence For Red Line Operations

FG Calls For Faster AfCFTA Implementation To Boost Industrialisation, Digital Trade

NIWA, NEMA Deepen Flood Preparedness, Waterway Safety Collaboration

NRC Suspends Kajola-Apapa Train Service, Retains Freight Services

Maritime Chiefs Demand Zero-Tolerance Leadership to End Substandard Shipping

Nigeria, Abuja MoU Launch Five-Year Capacity Building Programme to Strengthen Port State Control in West, Central Africa

FG Approves N286Bn For Procurement Of Specialised Maritime Vessels, Dredging

FG Urges States To Leverage AfCFTA For Growth

Boat Mishap Claims 2 Siblings In Rivers, Driver Arrested

kindly like our Facebook page

Health

JUNE SPECIAL FOCUS ON MENS HEALTH ISSUES
Health

JUNE SPECIAL FOCUS ON MENS HEALTH ISSUES

June 8, 2026

Men face several primary health threats, most notably cardiovascular diseases (like heart attacks and stroke), various cancers (prostate, lung, and colorectal),...

Health Benefits And Side Effects Of Bitter Kola

Health Benefits And Side Effects Of Bitter Kola

June 8, 2026
NCDC Places States On High Ebola Preparedness Alert Over Importation Risk

NCDC Places States On High Ebola Preparedness Alert Over Importation Risk

June 1, 2026
It’s The Season Of Corn

It’s The Season Of Corn

June 1, 2026
Ovarian Cancer: Why Nigerian Women Are Dying In Silence

Ovarian Cancer: Why Nigerian Women Are Dying In Silence

May 18, 2026
Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

WARNING: No Amount Of Sex, Special Diet Can Prevent Prostate Cancer

May 11, 2026
Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

Beware: ‘Agbo’ Can Kill Asthmatics, Inhalers Save Lives — Pulmonologist

May 11, 2026
Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

Why Nigerians Must Reduce Excessive Salt Intake – Public Health Expert

May 4, 2026
Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

Nigeria, 9 Others Account For 70% Global Hepatitis B deaths —WHO

May 4, 2026
Your Stool Determines The State Of Your Health

World Liver Day 2026: Low Awareness Threatens Fight Against Liver Disease – Experts

April 27, 2026

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Editorial Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition