Report: $16,4 billion worth of gas lost to flaring in 2018

The value of natural gas lost to flaring across the globe reached $16.4 billion in 2018, as flared natural gas volumes hit record highs, according to a recent report by Brainnwave.

The data intelligence firm – which collects the flaring data using night-time satellite imagery from visible infrared radiometer data – reported that the volume of natural gas flared by 80 different nations around the world has increased by 20 per cent in a single year to hit a global peak.

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