(Energy Analytics Institute, Piero Stewart, 4.Apr.2019) — Venezuela, home to the world’s largest oil reserves and one of Latin America’s larger oil producers, is flaring around 2 billion cubic feet per day (Bcf/d) of natural gas associated with the production of the country’s bread-and-butter commodity, Gas Energy Latin America partner Antero Alvarado announced April 4. “The main reason gas is being lost is because it is not being re-injected into oil reservoirs and as no progress has been made related to hydrocarbon recovery projects,” Alvarado said during a conference at the IESA business school in Caracas, Venezuela.