10 oil-producing and flaring countries accounted for 75% of all gas flaring, 7 of which - Russia, Iraq, Iran, the United States, Venezuela, Algeria, and Nigeria - have remained the top 7 consistently over the last 10 years.
Demetrios Papathanasiou, Global Director for the Energy & Extractives Global Practice at the World Bank, said:
- Climate change is one of the defining development challenges of our time
- Ending the polluting and wasteful practice of gas flaring and decarbonizing oil & gas production, while also accelerating the transition to cleaner energy, is fundamental to mitigating climate change
The report finds that the U.S. is the only one of the top 10 flaring countries to have successfully reduced flare volumes while increasing production over the last decade, decreasing its flaring intensity - the volume of gas flared per barrel of oil produced - by 46 %.
Kazakhstan has achieved the largest overall flare reduction of all countries in the last 10 years, reducing absolute flaring from 4 bcm in 2012 to 1.5 bcm in 2021, thanks to strictly enforced regulations, coupled with a domestic gas market that incentivizes associated gas recovery.
The World Bank’s gas flaring satellite was 1st launched in 2012.