Russian oil companies have no use for petroleum gas

Oil companies have been increasingly flaring petroleum gas recently, going far beyond the ratios and risking being fined billions of rubles, Kommersant reports.

Usually, petroleum gas is used to produce LHG, however, the export of LHG from Russia has been halted almost to zero due to the war started by the Russian Federation.

According to Kommersant, the Russian Union of Industrialists and Entrepreneurs suggests increasing the current ratio of flaring petroleum gas from 5% to 30% of production by the end of the year in order not to be fined.

Tags: gas, Oil refinery plant

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