Flaring natural gas is a hot topic right now, and not just because Russia is using it as a political weapon.
Interestingly Chevron has decided to link some incentive pay to a target to reduce flaring by 25-30% vs. 2016 levels.
Flaring is really bad – not only because it creates CO2 but because it often doesn’t do a good job leading to methane escape (a greenhosue gas that is 80x worse than CO2). Though this appears to be getting better.
In some ways gas is flared because it is a “trapped asset” and this latest piece from Byrne talks a lot about innovative solution for non-tradeable assets. In the case of gas building data centres next to them.
