INSUBCONTINENT EXCLUSIVE:
flaring is costing oil-rich countries billions of dollars in lost revenues, so that, over the past decade 144 billion cubic meters of gas
have been wasted around the world annually; with this amount of gas, 1,800 million megawatt hours of electricity could be produced, which is
equivalent to two-thirds of the electricity produced in the entire European Union.Gas flaring is the process of burning the gas released
through certain industrial processes, including oil extraction
In the past, when the demand for natural gas was low and, consequently, producers had little incentive to gather and sell it, it was
electricity and an important raw ingredient for the petrochemical industry
On the other hand, when released into the air, unrefined gas pollutes the atmosphere by releasing greenhouse gases such as carbon dioxide,
causing extensive environmental damage.EF/MA
