The World Wastes More Gas Each Year Than the Strait of Hormuz Supplies

“It is not that we have a short time to live,” the ancient Roman philosopher Seneca once wrote, “but that we waste a lot of it.” His point — that we often waste things that hold great value — echoes through the centuries.  

As the closure of the Strait of Hormuz forces governments around the world to enact restrictive policies to stabilize their energy supplies and national economies, it’s a critical time to reflect on wasted energy resources.

Before the war, some 20% of the world’s liquefied natural gas (LNG) supplies was shipped through the Strait. But with blockades and damaged infrastructure largely bottling up that supply, it’s a moment to look at where that supply could be made up if a concerted effort is made to stop gas from escaping systemwide.

The answer? Waste. 

The 112 billion cubic meters of gas lost by the Strait’s closure is dwarfed by the scale of gas wasted by venting and flaring worldwide. The good news is that we have the technological and policy tools available to us today to limit waste and increase our energy and economic security. 

Wasted gas is no longer invisible. More satellites, drones, sensors, and other technologies are being used to reconcile differing methane inventories and identify methane super-emitters. Now we must segue from “how to measure” to “how to act.” Getting actionable insights embedded into system design, planning, operations, and emissions management systems is key. So too are policies that limit leakage and actions that amplify methane mitigation through sound financial investments and smart insurance underwriting.

Were Seneca an energy planner today, he might observe that energy supplies are ample, but only if we know how not to waste them. 

 Read more: Stopping Global Gas Loss in Its Tracks