Untapped Potential: Reducing Global Methane Emissions from Oil and Natural Gas Systems

Rhodium Group | Environmental Defense Fund
http://rhg.com/reports/untapped-potential

Based on the best currently available data, around 3.6 trillion cubic feet (Tcf) of natural gas escaped into the  atmosphere in 2012 from global oil and gas operations.  This wasted gas translates into roughly $30 billion of lost  revenue at average 2012 delivered prices, and about 3% of  global natural gas production.

Because the primary component of natural gas,  methane, is an extremely potent greenhouse gas (GHG),  methane leakage has important climate implications.  Methane escaping from oil and gas operations totaled  approximately 1,680 million metric tons of carbon dioxide equivalent (MtCO2e) in 2012, calculated based on  methane’s 100-year global warming potential (GWP). If it  were a country, oil and gas methane emissions would  rank as the world’s seventh largest emitter, coming in just under Russia…

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One thought on “Untapped Potential: Reducing Global Methane Emissions from Oil and Natural Gas Systems

  1. Pingback: This Week in the RFF Library Blog : Common Resources

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