Global Flaring and Methane Reduction Partnership

Global gas flaring surged for a second year in a row, wasting about $63 billion in lost energy and setting back efforts to manage emissions and boost energy security and access.

The roadmap reveals that over 80% of methane abatement projects in the region could be done at net negative cost.

Bangladesh has secured a $500,000 grant from GFMR to detect, monitor, and reduce methane emissions from its gas distribution network. Reducing these emissions will also boost revenue and enhance the country’s energy security.

The World Bank’s Global Flaring and Methane Reduction (GFMR) Partnership is active in over a dozen countries, which account for about a quarter of the oil and gas sector’s methane emissions.

In 2023, the amount of gas flared worldwide rose by nine billion cubic meters (bcm) to 148 bcm, its highest level since 2019.

In May, the national oil company of Indonesia, Pertamina, became the latest and 57th company to endorse the World Bank’s Zero Routine Flaring by 2030 (ZRF) initiative, bringing the total number of commitments to end this wasteful and polluting practice to 108.

On December 5, 2023 the World Bank launched the Global Flaring & Methane Reduction (GFMR) Partnership, focused on helping developing countries cut emissions generated by the oil and gas industry.

The Global Methane Hub has expressed its full support for the ZRF initiative and will help us end routine flaring and venting by 2030.

On March 9, 2023, Colombia became the 35th government to commit to Zero Routine Flaring by 2030.

The joint announcement was made at the Major Economies Forum on Energy and Climate by US President Joe Biden and EU President Ursula von der Leyen.

The Methane Flaring toolkit guides the user through the options and decisions that will enable operators to meet and exceed existing regulatory requirements.

This report provides a systematic framework for evaluating the feasibility of financing flare reduction projects at medium-sized flaring sites that have historically been difficult to tackle.

The Flaring Management Guidance outlines new flaring management and reduction developments and examines industry experiences with eliminating flaring and new technologies, business models, operational improvements, and regulatory policy.

IFC is investing in Basrah Gas Company (BGC) to support one of the largest gas flaring reduction projects in the world.

We are now less than a decade away from the goal of Zero Routine Flaring by 2030, an ambition that sits at the nexus of climate change mitigation and energy policy.

A blog by GFMR says oil-producing countries should rightfully assume the lion’s share of responsibility for ending routine flaring, but oil-importing countries also have an important part to play.