Flare cost in 2025 refers to the anticipated expenses associated with gas flaring activities in the year 2025. Gas flaring involves the intentional burning of excess natural gas that cannot be captured or utilized during oil and gas production. This practice has significant environmental and economic implications.
Flaring contributes to greenhouse gas emissions, primarily carbon dioxide and methane, which contribute to climate change. Additionally, it wastes a valuable energy resource that could be used for power generation or other productive purposes. Reducing flaring is a key objective for the oil and gas industry, governments, and environmental organizations.
