Al-Shaheen Gas Flaring Reduction & Gathering Project. Summary Conclusions Recommendations. Presentation Contents. Qatar, and Global Emissions El-Shaheen Gas Flare Reduction and Gathering (GFR&G) Project Lesson Learned for other GFR&G projects Conclusions . Qatar & CO 2 Emissions.
Al-Shaheen Gas Flaring Reduction & Gathering Project
Qatar Takes this Seriously!
between 2004 and 2020....
Project will cap El-Shaheen’s CO2 emissions and will avoid almost 4 years of National emissions at 2002 levels
32 million t
12 million t
Of which 32 million t was before 2005
1.23 Mt gas saved during 2005
was worth $369 million
At $42/b oil equivalent
Lifetime revenue addition will be over $10 billion
CO2 avoidance costs in Annex I countries are high
EU ETS at € 23/t
Al-Shaheen GFR cost $350M/84M = $4.17/t CO2
Qatar can benefit from these trades
Gas Flare reduction & gathering...
Further GFR projects are also likely to benefit Qatar & the Environment
1 ton captured CO2 at $10 - $30
CO2 is already in wide-spread use
Industrial sources have
always been important
73 CO2-miscible floods, 2004
USA & Canada (OGJ)
Mostly in the Gulf
Global Emissions of CO2 during 2003 were ~ 24,000 million tons