How to save $20 million per day!
Gas flaring in Indonesia remains a critical challenge, with significant environmental and economic implications. According to the World Bank, Indonesia flared 1.7 billion cubic feet of natural gas in 2022, though the actual number is expected to be substantially higher. This not only contributes to greenhouse gas emissions but also represents a lost opportunity for energy production to replace imported fuels.
Indonesia endorsed the World Bank’s 'Zero Routine Flaring by 2030' initiative in 2017. It also participates in the Global Methane Initiative and the Global Methane Pledge. In September 2022, Indonesia submitted an updated Nationally Determined Contribution (NDC) to the United Nations Framework Convention on Climate Change that committed it to an unconditional reduction of 32 percent (up from 29 percent before the update) and a conditional reduction of 43 percent (up from 41 percent) in greenhouse gas (GHG) emissions by 2030 relative to its business-as-usual scenario.
Article 5 of ESDM 17/2021 sets DG Migas–authorized routine gas flaring volume limits of 2 mmscf per day (six-month field average) in an oil field, and 3 percent of the daily volumetric feed gas flow rate of a natural gas field.
PGS can provide a very tenable solution to tackle this issue, leveraging Galileo Technologies' innovative 'Flare Gas to LNG' technology to produce LNG that is not only a cleaner alternative to liquid fossil fuels, but also contributes to reducing Diesel / LPG imports. We strongly believe by using this well proven solution, Indonesia can unlock economic value, reduce emissions, and move towards a more sustainable energy future.
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Did you know that our technology converts vent gas into clean energy, reducing pollutant emissions? In addition, this resulting natural gas can be used as a fuel or as an energy source to power oil and gas production.
These solutions can contribute significantly to reducing global warming, improving health, energy, agriculture and air quality.
#goodenergy