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TunisiaEgypt joins global initiative to end routine gas flaring
Egypt announced today that it will be a signatory to the “Zero Routine Flaring by 2030” initiative, a global effort to reduce gas flaring at oil production sites. The endorsement was signed by His Excellency Tarek El Molla, Minister of Petroleum and Mineral Resources, and announced at the opening of the EBRD workshop in Cairo, “Ending Routine Flaring of Associated Gas in Egypt”.
The “Zero Routine Flaring by 2030” initiative, introduced by the World Bank in 2015, brings together governments, oil companies and development institutions who recognise that flaring is unsustainable from a resource-management and environmental perspective, and who agree to cooperate to eliminate routine flaring by no later than 2030.
At the workshop, jointly hosted by the Ministry of Petroleum and Mineral Resources and by the EBRD, Eric Rasmussen, the Bank’s Director, Natural Resources, said: “The EBRD is deeply involved in initiatives in its countries of operations to reduce gas flaring. Gas flaring is not only a climate change hazard, it is also a waste of an important resource that could be better used to improve economic and social activities.”
The workshop, attended by government representatives as well as representatives from companies and stakeholders across the Egyptian oil and gas sector, also discussed a report on “Associated Petroleum Gas Flaring in Egypt: Addressing Regulatory Constraints”.
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Countries covered:
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Egypt
