April 11, 2023
On Monday, Texans for Natural Gas (TNG) released a post discussing the World Bank’s release of the 2023 Global Gas Flaring Tracker report. The report highlighted that global gas flaring declined by roughly 3 percent in 2022 and has reached levels not recorded in over a decade. This decrease comes at a time when global oil production has been increasing, from 77 million bbl/d to 80 million bbl/d.
In the report, the World Bank specifically spotlighted the United States for its large share of global gas flaring reductions. In just one year, U.S. flaring decreased by 9 percent and flaring intensity dropped by 14 percent, which represents the lowest value recorded for the U.S. in the last ten years. These reductions were achieved while the U.S. also increased oil production by almost 6 percent between 2021 and 2022.
The Texas Methane & Flaring Coalition is committed to the goal of ending routine flaring by 2030—which aligns with the World Bank initiative. You can view the full TNG post here, and the 2023 Global Gas Flaring Tracker Report here.
