the gulf of guinea and the global economy - AIPN
the gulf of guinea and the global economy - AIPN
the gulf of guinea and the global economy - AIPN
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I. The Potential <strong>of</strong> <strong>the</strong> Gulf <strong>of</strong> Guinea(3)To estimate <strong>the</strong> amount <strong>of</strong> revenues that could be derived from <strong>the</strong>reduction <strong>of</strong> gas flaring in <strong>the</strong> region, we have built three scenarios(we assume that <strong>the</strong> required investments had been made):- <strong>the</strong> current 48% ratio <strong>of</strong> gas flaring;- hypo<strong>the</strong>tical 20% <strong>of</strong> gas flaring; <strong>and</strong>- hypo<strong>the</strong>tical 10% <strong>of</strong> gas flaring.We found that <strong>the</strong> gains in gas production would have amounted to$2.2 billion <strong>and</strong> $3 billion for 2002, relative to <strong>the</strong> current 48% % flaringlevel, respectively under <strong>the</strong> scenarios <strong>of</strong> 20% <strong>and</strong> 10% flaring.5
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