Monday, December 08, 2008
Russia pushes back gas flare plan
4 December 2008 - Upstream OnLine - Russia has delayed its plan to reduce gas flaring to 5% by three years to 2014, Russia's Natural Resources Minister Yuri Trutnev said. Both the Energy & Natural Resources ministries have decided to postpone the target, Trutnev told Reuters. Prime Minister Vladimir Putin had previously set a 2011 deadline. Russia has said it flares nearly $13 billion of gas each year.