RAW GAS MANAGEMENT

Managing the greenhouse gas emissions and reducing the gas flaring are among the top priorities for KMG Group. According to the approved Environmental Policy, the Company aims to achieve zero routine gas flaring and to reduce atmospheric emissions from flares. We aim to increase the use and utilisation of raw gas and minimise flaring. Through its oil gas development and processing programme, the Company has increased the use of gas for heat and power generation, thereby reducing emissions of hazardous substances and greenhouse gases from the combustion of oil gas.

Raw gas utilisation in 2023 was 98.9 %. Raw gas flaring decreased by 89.4 % compared to 2017. The gas flaring rate is at 1.4 tonnes per 1,000 tonnes of HCs produced (2.1 in 2021 and 1.5 in 2022), 7 % below the 2022 figure and 84 % below the IOGP industry average.

In 2015, KMG supported the World Bank Initiative “Zero Routine Flaring by 2030“. The Company aims to minimise the flaring of raw gas. Raw gas flaring under this initiative is reported on an annual basis to the representative office of World Bank in the RoK.

Raw gas flaring volume