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Legislative framework of Russian APG flaring

... 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, should face higher flaring reduction goals than offshore zones. Another legislative ...

07.06.2016

community

To flare or not to flare? Russian APG case.

... 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 ... ... incentive for companies to invest into gas processing plants to facilitate electricity generation and dry gas sales instead of flaring. The issues concerning flaring are, thus, two-fold: the legislative framework on flaring itself, upstream regulations ...

07.06.2016

community

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