Gas flaring accounts for more than half of European annual gas consumption

Gas venting, flaring, and leakage accounts for tremendous wastage. An estimated 267 billion cubic metres (BCM) of natural gas could be made available to gas markets with a global effort to reduce methane emissions and tackle non-emergency flaring. These volumes amount to more than half of the EU’s annual gas consumption, which was estimated at 360 BCM in 2023, and could […]