Wärtsilä joins World Bank's efforts to reduce...

Wärtsilä Corporation, Press release, 15 June 2010, at 2.30 pm (EET)

Wärtsilä's technology will likely contribute to increasing the utilization of
associated gas for power generation.

In an effort to reduce greenhouse gas emissions and increase access to
electricity, the World Bank-led Global Gas Flaring Reduction partnership (GGFR)
today officially welcomed Wärtsilä as the first associated partner to join the
global effort to reduce the flaring or burning of natural gas associated to oil
production.

Up until recently only oil-producing countries and companies were eligible to
join the GGFR partnership. But a new GGFR charter now allows other relevant
companies such as Wärtsilä, a technology provider, to join the partnership as an
associated partner. An associated partner is neither an oil company nor an
oil-producing country.

When drilling for crude oil, gas usually comes to the surface as well and is
often vented or flared instead of used for private or commercial consumption due
to various barriers such as lack of adequate infrastructure, markets or
regulations. The World Bank-led partnership between governments and companies
tries to overcome these challenges by jointly working to reduce the
environmentally harmful waste of gas. The GGFR partnership estimates that
globally some 150 billion cubic meters (bcm) of gas are flared or wasted every
year, adding about 400 million tons of greenhouse gases in annual emissions.

"We welcome Wärtsilä as the first GGFR associated partner and look forward to
working with them to increase access to much needed electricity in developing
countries around the world," said Somit Varma, the World Bank Group's Director
for Oil, Gas, Mining and Chemicals.
"Gas flaring harms the environment and wastes a valuable and cleaner resource
that can be used for more productive purposes."

"We are proud to become an associated partner of the GGFR. If associated gas can
be used in power generation instead of being flared into the atmosphere, an
oil-field's emissions can be significantly reduced. At the same time, there are
obvious economical benefits to be gained. As an associated partner of the GGFR,
we will be able to contribute to reducing flaring through our know-how in power
generation," says Vesa Riihimäki, Group Vice President, Wärtsilä Power Plants.

Through Wärtsilä's dual-fuel technology, associated gas can be converted to
electricity and used for driving a compressor or a pump, instead of being
continuously flared into the atmosphere. Wärtsilä's gas-diesel technology offers
fuel flexibility, enabling the engines to run on any combination of liquid fuel
and associated gas. This flexibility is essential for oil and gas companies
operating in environments where the associated gas volumes are constantly
changing.

GGFR is a public-private partnership of governments, state-owned companies and
major international oil companies committed to reducing flaring and venting
worldwide. The GGFR partnership facilitates and supports national efforts to use
the associated gas that comes with oil production and thus reduce flaring, by
tackling the lack of effective regulatory frameworks and the constraints on gas
utilization, such as insufficient infrastructure and poor access to local and
international energy markets, particularly in developing countries.

Background information

What is gas flaring?
When crude oil is brought to the surface from several kilometers below, gas
associated with such oil extraction usually comes to the surface as well.  If
oil is produced in areas of the world which lack gas infrastructure or a nearby
gas market, a significant portion of this associated gas may be released into
the atmosphere, un-ignited (vented) or ignited (flared).


For further information, please contact:

Tomas Rönn
General Sales Manager for the Oil and Gas Industry
Wärtsilä Power Plants
Tel: [phone]
[e-mail] <mailto:[e-mail]>


Tuula Franck
Senior Manager, External Communications
Wärtsilä Corporation
Tel: +358 400 267555
[e-mail] <mailto:[e-mail]>

Wärtsilä in brief
Wärtsilä is a global leader in complete lifecycle power solutions for the marine
and energy markets. By emphasising technological innovation and total
efficiency, Wärtsilä maximises the environmental and economic performance of the
vessels and power plants of its customers. In 2009, Wärtsilä's net sales
totalled EUR 5.3 billion with more than 18,000 employees. The company has
operations in 160 locations in 70 countries around the world. Wärtsilä is listed
on the NASDAQ OMX Helsinki, Finland.
www.wartsila.com <

http://www.wartsila.com/>


GGFR partners and donors
The GGFR partnership, managed and facilitated by a team at the World Bank in
Washington, DC, includes the following partners: Algeria (Sonatrach), Angola
(Sonangol), Azerbaijan, Cameroon (SNH), Canada (CIDA), Chad, Ecuador
(PetroEcuador), Equatorial Guinea, France, Gabon, Indonesia, Iraq, Kazakhstan,
Khanty-Mansijsysk (Russia), Mexico (Pemex), Nigeria, Norway, Qatar, United Arab
Emirates (Masdar), the United States (DOE) and Uzbekistan; BP, Chevron,
ConocoPhillips, ENI, ExxonMobil, Marathon Oil, Maersk Oil & Gas, Shell, Statoil,
TOTAL, Qatar Petroleum; OPEC Secretariat, European Union, the World Bank Group;
Wärtsilä.
www.worldbank.org/ggfr <

http://www.worldbank.org/ggfr>



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