Rosneft’s new strategy foresees acceleration of its decarbonization

Russia’s national oil champion Rosneft plans to accelerate its decarbonization efforts, according to the Rosneft-2030 strategy, approved by the company’s board of directors. 

The strategy is titled Rosneft-2030: reliable energy and global energy transition. 
In particular, the company plans to implement the following measures until 2030:

• 25% reduction in Scope 1 and 2 emissions compared to 2020 as well as additional measures on carbon natural sequestration, capture, and storage. As an intermediate goal, the company plans to cut emissions by 5% by 2025 
• Reaching zero industrial flaring of associated oil gas, 5 years earlier than initially planned.
• Reduce methane emissions intensity to below 0,2%;
• Graduate transfer of the company’s corporate fleet to low carbon fuels;
• Development of gas-based motor fuels stations as well as electric charging points at Rosneft’s retail network
• Production and sales of aviation fuels with reduced carbon footprint

These measures should lay the ground for the company’s plan to reach emission neutrality (by Scope 1 and 2) by 2050, which is expected to be achieved by the complex of corporate measures.