Global Gas Flaring Reduction Partnership

The global movement to end routine flaring continues to make progress with ZRF endorser, Shell, announcing its commitment to end the 160-year-old industry practice in less than five years.

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

A new blog by GGFR 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.

Global gas flaring declined by 5% in 2020. Russia, Iraq, Iran, the United States, Algeria, Venezuela, and Nigeria remain the top seven gas flaring countries for nine years running, accounting for two-thirds (65%) of global gas flaring.

On March 17, 2021, Qatar Petroleum joined the Global Gas Flaring Reduction Partnership and endorsed the Zero Routine Flaring by 2030 initiative as part of the company’s efforts to end the industry practice of routinely flaring associated gas during oil production.

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.

The International Energy Agency’s (IEA) new analysis found that the commitments from the Bank’s Zero Routine Flaring Initiative will be an integral component of the path to the Paris goal of limiting global warming to well below 2°C.

On November 6, 2019, Saudi Aramco endorsed the “Zero Routine Flaring by 2030” (ZRF) Initiative, joining 36 other major oil & gas companies in the global movement to end this 160-year practice.

IPIECA states its support to the ‘Zero Routine Flaring by 2030’ Initiative, thereby raising the profile of flaring even higher on the agenda of its 37 oil company members.