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Gazprom Saves 22.5 million Tons of Fuel Equivalent on Fuel and Energy Between 2011 & 2018

Source: www.gulfoilandgas.com 3/19/2019, Location: Asia

The Gazprom Board of Directors reviewed and approved the Companyís efforts to improve the energy efficiency of its operations and reduce its greenhouse gas emissions. It was stated that every year the Company takes a wide range of measures pursuant to its Energy Saving and Energy Efficiency Concept for 2011Ė2020 and its relevant medium-term programs.

These measures include upgrading Gazpromís technological facilities, including the renovation and modernization of compressor stations, streamlining their operating modes, deploying energy efficient equipment in the Companyís plants, and rationalizing lighting, heating and ventilation schemes.

Gazpromís management assessment system now includes figures indicating the reduction in the specific consumption of fuel and energy resources for own needs, and specific greenhouse emissions. Moreover, the Company is working to adopt and promote energy-saving technologies in its subsidiaries and affiliated companies.

Gazpromís efforts have been producing tangible results. For example, between 2011 and 2018, Gazprom saved 22.5 million tons of fuel equivalent on fuel and energy, which includes 19.1 million cubic meters of natural gas (this is roughly equal to the annual gas consumption of the Moscow Region), and 2.2 billion kWh of electric power. Gazpromís specific gas and power consumption for own needs has dropped by 17.4 per cent since 2011. Its specific greenhouse emissions have fallen by 20 per cent since 2014.

The global expert community highly appreciates the Companyís efforts in this regard. According to the international climatic rating Carbon Disclosure Project, Gazprom ranks first (lowest) in terms of its carbon footprint (specific greenhouse gas emissions of its entire production chain) among 26 largest oil and gas companies in the world.

Gazprom has also been on the top of CDPís rating of Russian energy companies for eight years.

Gazprom has developed an energy efficiency and energy saving program for the period from 2019 to 2021. It provides for 2,800 actions to be taken within this period, during which the Company expects to save at least 7.43 million tons of fuel equivalent.

The Management Committee was instructed to continue its work improving the Companyís energy efficiency and reducing its greenhouse gas emissions.

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