Global Gas Flaring Reduction, a Public – Private Partnership: A Voluntary Standard for Global Gas Flaring and Venting Reduction. 4th Report, WB #29555

This Voluntary Standard for Global Gas Flaring and Venting Reduction provides guidance on how to achieve reductions in the flaring, and venting of gas associated with crude oil production, ultimately, to minimize the continuous and non-continuous production flaring and venting of associated gas. The approach set forth in the Standard is intended to support other flare reduction initiatives, and go beyond prevailing flaring, and venting practices that would otherwise occur in many countries. The Standard focuses initially on the largest sources of flaring and venting of associated gas globally, encouraging prioritization of resources to those operations with the largest potential for reduction.