Rosneft announced 2035 climate target plan

Moscow, December 23 - Neftegaz.RU. Rosneft´s Board of Directors reviewed the Carbon Management Plan for the period until 2035.
The Plan contemplates the following key goals:

• Prevention of greenhouse gas emissions of 20 million tons in CO₂ equivalent;
• Upstream emissions intensity reduction by 30%;
• Methane emissions intensity below 0.25%;
• Zero routine flaring of associated petroleum gas (APG).

One of the key areas within implementation of the Carbon Management Plan will be the 30% emissions intensity reduction in Upstream by 2035 and prevention of greenhouse gas emissions of 20 million tons in CO₂ equivalent.

Rosneft will also continue its efforts under the Energy Savings and APG Utilization Programs, aimed at zero routine flaring of APG.
With that in mind, Rosneft is planning to increase the share of gas in the company’s output to more than 25%.

Another area of activity will be focused on optimization of emissions from power generation.
This includes the analysis of opportunities to replace conventional power plants with electricity generated from low-carbon and renewable energy sources.

Rosneft´s CEO Igor Sechin noted:

• Rosneft finds itself in a unique position in terms of hydrocarbons supply with a low carbon footprint to satisfy the growing global energy demand.
• As one of the leaders of the global energy sector, with a vast and efficient resource base we set a goal in our 2035 Carbon Management Plan to reduce greenhouse gas emissions and produce more energy with less environmental impact.

Rosneft has a high potential for UGS facilities and depleted fields reservoirs for Carbon Capture, Utilization and Storage (CCUS).
Such projects will provide the company with an opportunity to use the existing infrastructure for CCUS and to take actions along the entire CCUS value chain, which includes neutralization, transportation and storage of carbon.

Since 2019, Rosneft has been running a comprehensive program to reduce methane emissions.
Expansion of this program includes the introduction of drones, laser-based and heat-imaging scanners, ultrasonic detectors, which will contribute to reduction of methane emission intensity to levels below 0.25%.

The company continue the program to expand the offer of compressed natural gas at retail sites, also reviewing options to manufacture new green and clean fuels, such as hydrogen, bio-diesel and sustainable aviation fuel.