METHANE EMISSIONS IN THE PERMIAN BASSIN DECLINED 70% THE PAST EIGHT YEARS
Methane emissions intensity in the Permian Basin has declined over 70 percent the past eight years as oil production more than tripled over the same period, according to an analysis by Texans for Natural Gas (TNG), a project of the Texas Independent Producers and Royalty Owners Association (TIPRO).
Flaring intensity in the United States – and the Permian Basin specifically – is significantly lower than what is found in other major energy producing countries. Venezuela’s flaring intensity was 7.7 times higher than the United States. Russia, the world’s second largest natural gas producer, has a flaring intensity rate 1.5 times higher than the United States.
n 2019, Permian methane intensity declined, while oil and gas production reached new records. In 2020, the French government canceled a long-term, $7 billion contract that would have imported liquified natural gas (LNG) from the United States, claiming U.S. LNG imports were a major source of methane emissions. The actions are part of a larger trend – several European countries have made similar statements suggesting U.S. LNG has an unfavorable environmental profile. However, a closer look at methane emissions intensity shows that U.S. natural gas from the Permian Basin is a greener option than other suppliers for Europe. The United States has made significant progress in reducing methane emissions intensity over the past eight years. In fact, between 2011 and 2019, methane emissions intensity fell 77%.
According to a study from the analysts of Rystad Energy suggested that only 1.6% of the basin’s gas production was flared in the fourth quarter of 2020 and was at its lowest level of the shale era.
- LIFTBOAT SEACOR POWER CAPSIZES IN A STORM OFF THE COAST OF NEW ORLEANS – 12 MISSING 14th April 2021
- BATTERY DEMAND ACROSS ALL TRANSPORTATION TO GROW 15% ANNUALY UNTIL 2050 03rd April 2021
- PREMIER OIL AND CHRYSAOR COMPLETE MERGER TO CREATE HARBOUR ENERGY 02nd April 2021
- GAZPROM ADDED 480 BILLION CUBIC METERS OF GAS TO ITS RESERVES 26th March 2021
- INEOS SELLS NORWEGIAN OIL AND GAS BUSINESS TO PGNiG FOR $615 MILLION 26th March 2021