According to reports, the data released recently by the world bank’s “reducing global natural gas burndown partners” shows that the global natural gas burn off volume has increased to the highest level in more than a decade, reaching 150 billion cubic meters, equivalent to the total annual natural gas consumption in sub Saharan Africa.
According to the data, the amount of natural gas Burnoff increased from 145 billion cubic meters in 2018 to 150 billion cubic meters in 2019, an increase of 3%.
The world bank said the main reason for the increase was the increase in fuel emissions in three countries: the United States (+ 23%), Venezuela (+ 16%) and Russia (+ 9%). At the same time, from 2018 to 2019, there was an increase in Burnoff in fragile or conflict affected countries, with Syria increasing by 35% and Venezuela increasing by 16%, although oil production in the two countries tends to be flat and decline by 40% respectively.
Christopher Sheldon, deputy director of the world bank’s global practice Bureau for energy and extractive industries, said: “the data show that natural gas burning is still a long-standing problem, which is still difficult or uneconomic to solve in some countries. Meanwhile, the novel coronavirus pneumonia epidemic poses more challenges, which may put sustainability and climate problems on the side. Therefore, it is necessary to reverse this worrying trend and thoroughly solve the problem of burning off conventional natural gas. ”
Statistics show that the major natural gas burning countries (Russia, Iraq, the United States and Iran) accounted for nearly half (45%) of the total global natural gas burning and removal for three consecutive years (2017-2019). From the perspective of other oil producing countries, including these four countries, the natural gas burn-off volume decreased by 9 billion cubic meters, or 10%, from 2012 to 2019. In the first quarter of 2020, the global natural gas burn-off capacity will drop by 10%, and most of the 30 major natural gas burning countries will decline.