I've always cringed seeing the flares from crude oil processing, knowing natural gas was being lost where no infrasturcture exists to use or input the gas into pipelines. This article is about efforts by GE to use some of the wasted natural gas for producing electricity.
"Fire Power: GE Technology Turns Gas Flares Into Electricity GE Reports: The climate impact of the flares is the same as the annual emissions from 77 million cars, or 34 percent of the U.S. car fleet. If converted to carbon credits at $15 per metric ton, the emissions would be worth $6 billion.
But there is an upside. Billions of dollars in wasted natural gas could be used to generate reliable, affordable electricity and yield billions more per year in increased global economic output."