Bangladesh gas fields burnt $3 million worth of natural gas in 2021 in gas flaring, according to a World Bank report published on Thursday.
In 2020, the burnt amount was 14.84 million cubic meters (mcm) worth $1.7 million. The year 2021 saw a 75% rise in gas flaring.
The WB’s 2022 Global Gas Flaring Tracker report says in 2021, 25.93 mcm (916 million cubic ft) of gas was burnt in flaring in Bangladesh, which was equivalent to $2.98 million in sales value.
The amount, though looks meagre in global perspective, matters a lot for Bangladesh which is now forced to buy expensive gas from the spot market to cover up local production shortfalls.
The largest flaring field is Kailastila operated by Petrobangla, burning 18.28 mcm gas, followed by Titas with 5.27 mcm.