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Legislative framework of Russian APG flaring

... in the process of APG processing, one should not neglect typical features of the economies of scale that are applicable to Russian natural gas sector. In other words, flaring reduction projects (infrastructures to produce diesel from GTL; LPG and dry gas from APG, methanol production for EOR and etc.) could provide investors with minimal average rate of return of 7%. Thus, Russia should explore the opportunities given by its federal system in order to elaborate on national legislation which would vary in its intensity from region to region. In other words, flaring reduction targets should vary depending on the production rate of an oil field, existing infrastructure and geographical location: populated areas, for instance,...

07.06.2016

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To flare or not to flare? Russian APG case.

... such as Lukoil, Gazprom Neft, Surgutneftegas, as well as Bashneft and Tatneft” to express opposition. For now, Russian environmental strategy is primarily focused on adaptation rather than mitigation, what can be explained by the weak existing legislation and regulatory system as well as underdeveloped market mechanisms in hydrocarbon industry that favor monopoly practices and keep gas price artificially low. Midstream infrastructure remains limited and at a current APG price there is little incentive for companies to invest into gas processing plants to facilitate electricity generation and dry gas sales instead of flaring. The ...

07.06.2016

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