Gas Flaring – A Costly Waste of Gas [ANALYSIS]

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Hira Shahnawaz Akhtar
Published on
Updated on

Gas production in Europe has expanded as Russia has emerged as the custodian of one of the largest gas reserves in the world. However, it is revealed that a large chunk of the gas produced does not ultimately go to the market and gets wasted during the process of fracking. The same is happening in the U.S. where, according to a recent report by Ceres, nearly 30 percent of North Dakota gas is currently being flared each month as a byproduct of oil production. Magnitude of the gas flaring issue The European Bank for Reconstruction and Development (EBRD) estimated that…

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Hira is a financial analyst whose expertise lies in commodity and other financial markets. Hira is currently an independent financial consultant and is working with many international firms like American Arab Solutions (AAS). She has previously served as a Senior Research Analyst at Alternate Research (Pvt.) Ltd. as the Team Leader for the International Equities Research. She has also worked as an equities analyst of Pakistani E&P stocks at Invest Capital Markets. She has experience in business development and conducting feasibility studies in commodity markets, specifically in sugar, palm oil and canola oilseeds. She has cleared all three levels of her CFA (Chartered Financial Analyst) and has an undergraduate degree in Finance.