Rosneft invested more than 200 billion rubles in APG utilization projects over 10 years
Gas

Rosneft invested more than 200 billion rubles in APG utilization projects over 10 years

Rosneft has also made a significant progress in combating greenhouse gas emissions

  • By ICN Bureau | July 03, 2023

Rosneft invested about 204 billion rubles in projects aimed at the beneficial use of the associated petroleum gas (APG). Implementation results of the Company's large-scale Gas Investment Program and an action plan in the field of low-carbon development are presented in the updated Public position - "Rosneft: contributing to implementation of the UN sustainable development goals".

Confirming its status as the leader in sustainable development among Russian oil and gas companies, Rosneft implements a whole range of measures aimed at introducing innovative technologies, improving the level of industrial safety, social well-being of the regions, and care for the environment. Every year the Company provides reports on its progress in achieving the relevant UN goals and its contribution to implementation of Russia’s national projects.

Rosneft has achieved outstanding results in the field of carbon management. In 2022, the Company commissioned 17 production facilities as part of implementation of the Company’s Gas Investment Program aimed at improving the beneficial use of the associated petroleum gas, including gas re-injection facilities, power generation, gas treatment and use, as well as gas pipeline infrastructure. The Program covers all the regions of Company operations and facilitates the widespread introduction of innovative, energy-saving, "green" technologies into production processes.

Rosneft has also made a significant progress in combating greenhouse gas emissions. In 2022, Rosneft continued application of the methane leak detection technologies using unmanned aerial vehicles (drones) and ground monitoring. While implementing the Programme, 341 facilities were inspected using drones and 525 facilities were checked for methane leaks using ground-monitoring system in 24 production subsidiaries. This work resulted in development of a set of measures aimed at effective elimination of the detected methane emissions.

Consistent and systematic work on implementing the "Rosneft-2030: Reliable Energy and Global Energy Transition" strategy has naturally led to improvement in the key environmental indicators in 2022 as compared to the previous year. In 2022, the Company reduced the absolute volume of greenhouse gas emissions by 11% vs. the base year of 2020.

In 2022, Rosneft increased production and retail sales of high-tech fuels with improved environmental characteristics such as Euro-6 and Pulsar. Euro-6 gasoline is now available at 773 retail sites in the 12 Russian regions: the Republic of Bashkortostan, the Krasnodar Territory, the Republic of Adygea, the Nizhny Novgorod, Smolensk, Tula, Kaluga, Ryazan, Vladimir, Chelyabinsk, and Moscow regions as well as in Moscow. Pulsar branded fuel is sold at 1 233 sites of the Rosneft retail network in 31 regions of Russia. The Company also plans to increase production of RMLS 40 environmentally friendly residual marine fuel.

Register Now to Attend Navigating the Path to Net-zero in the Chemicals Industry on Friday, 26 July 2024

Other Related stories

Startups

Chemical

Petrochemical

Digitization