Louisiana Oil and Gas Producers Lost More Than Two-Thirds of Annual Residential Consumption in Wasted Gas in 2019, EDF Report Finds
Image Source: Google
The wastage of oil & gas by Louisiana was revealed in a report by the Environmental Defence Fund to the tune of more than $82 million worth of natural gas in 2019, which is more than two-thirds of the state’s yearly residential consumption.
Image Source: Google
More than $82 million worth of natural gas was lost by Louisiana in 2019 due to leaks, venting, or flaring at production sites, according to a study released Thursday by an environmental group & government watchdog organizations.
Image Source: Google
A consulting firm, Synapse Energy Economics Inc., conducted a study as it lists various environmental groups & municipal, state, & federal agencies among its clients.
Image Source: Google
The report by the EDF (Environmental Defence Fund) said that state fossil fuel producers wasted more than 27 billion cubic feet (760 million cubic meters) of gas in 2019.
Image Source: Google
According to the report, the state government lost $2.5 million in tax & revenue receipts that year.
Image Source: Google
The percentage of wasted gas was : more than 81% due to leaks, less than 1% from purposeful fuel venting, & 9% due to flaring.
Image Source: Google
Small amounts of gas are vented or burned for a variety of possible reasons involving safety & economics.
Image Source: Google
A statement accompanying the report said : "That’s enough lost gas to meet more than 2/3 of residential natural gas demand in the state for a year."
Image Source: Google
A major component of natural gas is methane, which is a major contributor to climate change, making it an environmental hazard.
Image Source: Google
More Stories
Image Source: Google