12/13 Closing Prices / revised 12/12/2024 21:59 GMT |  12/12 OPEC Basket $73.36 +$0.91 cents 12/13 Mexico Basket (MME)  $66.23 +$1.02 cents   10/30 Venezuela Basket (Merey) $58.30   +$3.39 cents  12/13 NYMEX Light Sweet Crude  $71.29 +$1.27 cents | 12/13 ICE Brent  $74.44 +$1.08 cents | 12/13 Gasoline RBOB NYC Harbor  $2.0 +0.07 % | 12/13 Heating oil NY Harbor  $2.27 +0.05 % | 12/13 NYMEX Natural Gas   $3.28 -5.1% | 12/13  Active U.S. Rig Count (Oil & Gas)  589 + 7 | 12/13 USD/MXN Mexican Peso $20.1257 (data live) 12/13 EUR/USD Dollar  $1.0501 (data live) | 12/16 US/Bs. (Bolivar)  $50.33190000 (data BCV) | Source: WTRG/MSN/Bloomberg/MarketWatch/Reuters

Mexican president promises to tackle high and rising rates of gas flaring -Reuters

Mexican President Andres Manuel Lopez Obrador meets with U.S. Climate Envoy John Kerry at the National Palace in Mexico City, Mexico June 14, 2022. (Mexico Presidency)

Ana Isabel Martinez and Stefanie Eschenbacher, Reuters

MEXICO CITY
EnergiesNet.com 06 17 2022

 Mexican President Andres Manuel Lopez Obrador said on Thursday that he had discussed high – and rising – levels of natural gas flaring across the country during a meeting this week with U.S. climate envoy John Kerry, and promised to curb the practice.

Despite his pledges to reduce the activity that scientists have linked to global warming, Mexico last year burned off record levels of gas and at an increasing number of locations. read more

“We discussed this topic with Mr. Kerry and we’re already working on two programs to reduce the flaring of gas,” Lopez Obrador said, without giving details, after he was asked during his regular news conference about an incident in the Gulf of Mexico where scientists found a massive methane leak. read more

To minimize its harmful impact, gas is often flared when it comes to the surface as a byproduct of oil production where it is considered too expensive to build infrastructure to capture, process and pipe it away.

But gas flaring still releases some methane as well as carbon dioxide, black carbon and other pollutants.

“It’s something that we’re already dealing with because it’s the most irrational thing that can happen: to be buying gas and having to burn it here, with the contamination that it implies,” Lopez Obrador added.

Last week, a report published by the European Space Agency highlighted the risks associated with the practice.

Using satellite data, researchers found state oil company Petroleos Mexicanos had released thousands of tons of methane gas into the atmosphere from a platform in the Gulf of Mexico during 17 days last December.

The leak was likely down to “abnormal process conditions at the site” like malfunctions or equipment issues, it concluded.

The scientists sounded an alarm too. “If more flares have malfunctions, massive venting episodes like this could potentially also happen more frequently,” said Daniel Zavala from the Environmental Defense Fund, who worked on the study.

Reporting by Ana Isabel Martinez and Stefanie Eschenbacher; editing by Grant McCool

reuters.com 06 16 2022

Share this news


 EnergiesNet.com

About Us

 

By Elio Ohep · Launched in 1999 under Petroleumworld.com

Information & News on Latin America’s Energy, Oil, Gas,
Renewables, Climate, Technology, Politics and Social issues

Contact : editor@petroleuworld.com


CopyRight©1999-2024, Petroleumworld.com
, EnergiesNet.com™  /
Elio Ohep – All rights reserved
 

This site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a ‘fair use’ of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond ‘fair use’, you must obtain permission fromPetroleumworld or the copyright owner of the materia