Rosneft plans three Russian CCS projects by 2030
SUMMARY
The company is looking to partner on the projects with other major oil and gas producers, in particular BP and ExxonMobil.
By Joseph MurphyRussia's Rosneft plans to develop three hubs for carbon capture and storage (CCS) in Russia by 2030 as part of its energy transition plans, its first vice president Didier Casimiro told reporters on February 21.
Rosneft, Russia's largest oil company, is currently working on a CCS pilot project, Casimiro said. Further ahead it wants to develop CCS hubs on Sakhalin Island in the Far East, and in Nefteyugansk and the Samotlor oilfield in Russia's oil-producing heartland of Khanty-Mansiysk in west Siberia.
The company is looking to partner on the projects with other major oil and gas producers, in particular BP and ExxonMobil, Casimiro said.
According to the executive, Rosneft also wants to expand the share of natural gas in its production mix to 25% by 2025, "regardless of export potential." The company is hoping to gain access to Gazprom's export pipelines, although the Russian government is yet to reach a decision on the matter.
Rosneft announced a new strategy in December targeting net-zero Scope 1 and 2 emissions by 2050. As part of its strategy, it aims to reduce emissions by 25% and reduce flaring of associated petroleum gas by 2030.
