QP joins World Bank in global fight against routine flaring

Doha: Qatar Petroleum (QP) announced yesterday that it has joined the World Bank-led Global Gas Flaring Reduction Partnership (GGFR) Multi-Donor Trust Fund, as part of its commitment to stronger collaborations in the global effort to reduce flaring or burning of natural gas associated with oil/gas exploration, production and processing operations. 

By committing to the World Bank’s “Zero Routine Flaring by 2030” initiative, QP is supporting the global effort to end the industry practice of routinely flaring associated gas during oil production, a necessary goal if the world is to keep a global temperature rise this century well below 2 degrees Celsius above pre-industrial levels. This announcement comes in accordance with, and commitment to, QP’s recently announced Sustainability Strategy, which acts as a clear direction towards reducing the emissions intensity of Qatar’s LNG facilities by 25 percent and of its upstream facilities by at least 15 percent, and reducing flare intensity across upstream facilities by more than 75 percent. Qatar Petroleum’s Sustainability Strategy also sets out a target to eliminate routine flaring by 2030, and limit fugitive methane emissions along the gas value chain by setting a methane intensity target of 0.2 percent across all facilities by 2025.