With about 140bn cubic meters of associated natural gas is burnt off at oilfields across the globe every year, an initiative called ‘Zero Routine Flaring’, was announced during April 2015 by United Nations Secretary-General Ban Ki-moon and World Bank Group President Jim Yong Kim at an event in Washington D.C.
With the exception of the U.S., a number of oil producing countries such as Kuwait, Norway, Russia, Cameroon, Kasakhstan, Gabon, Uzbekistan, Republic of Congo, France, Angola also joined. Oil majors such as France’s Total, Norway’s Statoil, Italy’s Eni, and Royal Dutch Shell, among others, also signed up to the initiative.
The 25 members have agreed to cooperate to eliminate ongoing routine flaring as soon as possible and no later than 2030, and also to publicly report on their flaring and progress on an annual basis.
Source: Arabian Oil and Gas