Transneft Steps Up Emissions Efforts

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Russian oil pipeline operator Transneft says it plans to take further steps to reduce its greenhouse gas emissions. Insiders say the move is mainly being driven by pressure from domestic and foreign investors. In a recent presentation to investors, Transneft said global warming poses serious risks to its pipelines, pumping stations and storage tanks. That's because because higher temperatures can melt the permafrost on which some of its infrastructure is built, making the ground unstable and potentially causing damage. Transneft said it has already cut carbon emissions from its own operations by 40% from 566,100 tons in 2016 to 342,200 tons in 2020. The company plans to set medium- and long-term targets for further steady reductions in greenhouse gas emissions from its own operations and to start quantifying and managing "indirect" emissions. It plans to reduce its emissions by increasing its energy efficiency, switching from liquids fuels to natural gas for its transportation needs and using carbon offsets. Transneft said that in the 10 years through 2020 its crude oil pipeline operations reduced their energy consumption by 14.5% while its petroleum products pipelines reduced their energy consumption by 17.8%. In 2020 alone, energy consumption for crude oil transportation fell by 2.2%, with a further reduction of 0.9% targeted this year and a 0.5% annual reduction in 2022-26 -- largely via energy efficiency efforts and measures to optimize crude flow. Over the last year or so, Russian oil and gas companies have gradually started to set targets for decreasing their carbon footprint. However, these have generally fallen short of the more ambitious goals set by large European oil and gas producers (IOD Jun.8'21). Among other things, many Russian companies have not yet adopted the classification system that divides greenhouse gas emissions into Scopes 1, 2 and 3 -- with Scope 3 referring to emissions caused by end-users burning oil and gas. Nadezhda Sladkova, Moscow

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