RE: Zeus Note30 Jul 2024 09:36
I thought Kaz were aiming for zero flaring by 2030, they have asked operators to cease flaring, In 2016, the government and the national oil company, KazMunayGas, endorsed the World Bankβs Zero Routine Flaring by 2030 initiative. Kazakhstan also participates in the Global Methane Initiative, Previously, flaring emissions were regulated under the Environmental Code, 2007, which was superseded in July 2021 by the Environmental Code, Primary and Secondary Legislation and Regulation
Kazakhstan first banned flaring in the mid-2000s, when the government amended the statutes that governed upstream oil and gas activities (for example, the Petroleum Law, 1995); asked operators to cease flaring; and prohibited new developments without associated gas utilization plans. The Law on Subsoil and Subsoil Use, 2017 , prohibits the flaring of associated gas, with certain exceptions. The law superseded the 2010 version. It includes the same flaring restrictions but adds some clarifications.