Rosneft will reach the net carbon neutrality by 2050 by emissions of coverage areas 1 and 2. This will be ensured by measures to reduce emissions, the use of low-carbon generation, the development of energy-saving technologies, technology for catching and storing carbon, the use of natural absorption potential as well as a number of others. This flows out of the Board of Directors approved by Rosneft Rosneft-2030: Reliable Energy and Global Energy Transition. “
Following the results of 2021, the Company early reached most of the targets specified in Rosneft-2022 strategy. The new strategy is aimed at developing the achievements of the previous strategy and at the same time takes into account the current trends related to the climate agenda, the global energy transition, the need for reliable supply and clean energy.
Rosneft-2030 strategy provides for a reduction in carbon trail with a further increase in the operating and financial efficiency of the company’s activities. Thanks to the new strategy, Rosneft will strengthen the position in the global hydrocarbon market as a reliable manufacturer and supplier of energy resources and at the same time minimizes the impact on the climate and the environment.
The achievement of pure carbon neutrality by 2050 will be possible thanks to the implementation of a number of strategic emission reduction initiatives by 2030, which suggest: a reduction of 25 percent of emissions of coverage areas 1 and 2 compared with 2020, as well as the implementation of additional measures for Natural absorption, carbon trapping and storage. As an intermediate purpose, it is assumed to reduce emissions of coverage areas 1 and 2 by 5 percent to 2025.
zero routine incineration of associated petroleum gas will be achieved – 5 years earlier than expected under the carbon management plan until 2035 and in accordance with the World Bank initiative “zero routine incineration of associated petroleum gas by 2030.” It is planned to reduce the intensity of methane emissions to a value of less than 0.2 percent. Rosneft’s own transportation on low-carbon fuels and a network of selling gas engine fuel is developed and developed a network of chargers for electric cars to the Company’s gas stations. Rosneft makes the production and sale of jet fuel with reduced carbon trail.
Rosneft is aimed at keeping leadership at specific costs. The high efficiency of mining assets allows the company for many years to keep the costs of hydrocarbon production at a level significantly below the average industry indicators.