HOUSTON, TEXAS (Pietro D. Pitts, Energy Analytics Institute, 21.Feb.2025, Words: 1,030) — Oil producing Venezuela, a founding member of the Organization of the Petroleum Exporting Countries (OPEC), flared 46% of its natural gas production of 3,895 million cubic feet per day (MMcf/d) in 2024, according to details provided by ChemStrategy. Another 46% of the production was used in Venezuela (mainly for power generation) while 8% was vented.
As such, flaring remains a mainstay in Venezuela as the reinjection of associated gas continues to decline owing to insufficient infrastructure and a lack of equipment, ChemStrategy director Rubén Pérez Méndez said 18 Feb. 2025 from Maracaibo, Venezuela during a presentation about Venezuela’s gas sector.
