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Energy from gas-flaring a $16 billion opportunity - PermianChain exec
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Natural gas is currently in high demand from Bitcoin mining companies and Al data center operators. According to Mohamed El-Masri, a managing partner at Hodler Investments and CEO of tokenized energy trading platform PermianChain, recapturing energy from gas flaring could be a $16 billion opportunity.
The executive said that much of the current demand for gas could be filled by converting natural gas from gas-flaring, which is a form of stranded energy, into convertible energy for mining operations and high-performance computing. El-Masri told Cointelegraph:
"147,000,000,000m³ of natural gas is flared per year globally, which could be equivalent to $16 billion a year in potential sales revenue or cash flow from this gas being sold into the market."
"Bitcoin mining has proven to 12x the gas valuation or the equivalent price per MCF or MMBtu or whatever metric each country uses," the executive explained. Converting stranded energy into a financial asset highlights the power of crypto mining and real-world asset tokenization in promoting sustainability.
