Flare Gas Recovery System Market is likely to garner US$ 1 7 Billion by 2031 end owing to increased prevalence of Renewable Energy Sources padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
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A new report from the U.S. Energy Information Administration on venting and flaring in two of America’s top producing oil and natural gas basins demonstrates the clear need for new and improved energy infrastructure.
The EIA report says that venting and flaring in the United States hit a record high average in 2019, primarily driven by activities in North Dakota’s Bakken Formation and the Permian Basin in Texas and New Mexico. As EIA notes, flaring is the controlled burning of excess natural gas and venting is the direct release into the air.
So, why have venting and flaring levels increased? EIA provides the answer: