BAKU, Azerbaijan, May 18. Kazakhstan has achieved the largest overall flare reduction of all countries during the last 10 years, the World Bank (WB) report said, Trend reports citing the WB.
The report said that Kazakhstan reduced absolute flaring from 4 bcm in 2012 to 1.5 bcm in 2021.
“In addition to reducing routine flaring over these years, anecdotal evidence suggests there have also been improvements in equipment reliability and production efficiency leading to a reduction in non-routine flaring,” the World Bank said.
The Bank noted that this progress has been enabled by strictly enforced regulations that apply financial penalties for gas flaring, coupled with a well-established domestic gas market and integrated gas value chain to incentivize flare gas recovery.