Western Australia is the first Australian jurisdiction to join the World Bank’s Zero Routine Flaring by 2030 initiative to more efficiently manage natural gas resources and reduce greenhouse gas emissions.
Worldwide, flaring by petroleum companies annually burns about 140 billion cubic metres of natural gas and emits more than 300 million tons of carbon dioxide into the atmosphere.
If this much gas was used for power generation, it would generate about 750 billion kilowatt hours of electricity, or more than the African continent’s current annual electricity consumption.
The initiative is focused on routine wellhead flaring during production, not exploration testing and emergency situations, or at oil refineries such as Kwinana.
This commitment will be reinforced by strengthening regulation as part of the implementation of the recommendations from the independent scientific inquiry into hydraulic fracture stimulation, which includes amendments to regulations under the Petroleum and Geothermal Energy Resources Act and the Petroleum (Submerged Lands) Act.
The WA Department of Mines, Industry Regulation and Safety consulted industry, the Australian Petroleum Production and Exploration Association, and government agencies before recommending that Western Australia should support the initiative.
Source: WA Government