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Valuing Flared Natural Gas

LAST YEAR, enough natural gas to supply 27% of U.S. needs was burned off as waste around the world, according to a new report by the World Bank. Flared natural gas is a by-product of petroleum production and is not generally considered worth capture and sale, the bank adds.

However, the bank estimates the gas could be worth as much as $40 billion if sold on the U.S. market, where natural gas demand is high because of its use as a chemical feedstock and fuel.

Tuesday 11 September, 2007 01:29 PM

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