PJSC LukOil LUKOIL Completes Inventory Of GHG Emission Sources (0763Y)
September 04 2020 - 4:00AM
UK Regulatory
TIDMLKOD
RNS Number : 0763Y
PJSC LukOil
04 September 2020
LUKOIL COMPLETES THE INVENTORY OF GHG EMISSION SOURCES AND
EMISSIONS CALCULATION IN ACCORDANCE WITH INTERNATIONAL
STANDARDS
PJSC "LUKOIL" reports the completion of inventory of greenhouse
gas (GHG) emission sources and calculation of direct and indirect
emissions in accordance with international standards.
The inventory of GHG emission sources has been carried out in
accordance with the GHG Protocol standard. The operational and
organizational accounting boundaries were consequently expanded
resulting in a more comprehensive assessment of emissions volume.
The calculation of GHG emissions was also conducted in accordance
with the GHG Protocol standard (previously the Company applied the
methodology adopted in 2015 by the Russian Ministry of Natural
Resources and Environment).
For the first time the calculation was performed for indirect
GHG emissions from generation of purchased energy (Scope 2), as
well as for other indirect GHG emissions from the use of the
Group's own products sold, including sales of oil, gas and oil
products (Scope 3).
GHG emissions of LUKOIL Group, million tonnes (2) -e
2016 2017 2018 2019
39 .
Direct emissions (Scope 1) 40 . 17 40 . 47 62 39 . 82
-------- -------- ------- --------
including methane emissions 1.54 1.40 0.96 0.77
-------- -------- ------- --------
Indirect emissions from generation
of purchased energy (Scope 2) 10 . 44 10 . 45 8 . 95 8 . 64
-------- -------- ------- --------
Other indirect emissions from the
use of the Group's own products sold 385 .
(Scope 3) - - - 72
-------- -------- ------- --------
Scope 1 GHG emissions decreased by 0.9% in 2019 as compared to
2016 despite hydrocarbon production growth, mainly due to
implementation of associated petroleum gas (APG) efficient use
programs, and the volume of methane emissions was halved. Scope 2
GHG emissions were reduced by 17% owing to development of in-house
power generation and implementation of energy saving programs.
The calculation of direct and indirect GHG emissions has been
verified by international audit company KPMG.
Information:
LUKOIL is one of the leaders among international oil and gas
companies with lowest Scope 1 GHG emissions intensity. LUKOIL has
been successfully delivering on measures to reduce GHG emissions
for more than fifteen years.
The Company has been implementing the APG efficient use programs
since 2003 and was the first oil company in Russia to endorse the
World Bank "Zero Routine Flaring by 2030" initiative.
In 2005 LUKOIL started to implement the provisions of the Kyoto
Protocol and implemented 9 projects in the following years which
allowed to reduce GHG emissions in the amount of 6 million tonnes
of (2) -e per year.
LUKOIL places special attention on increasing energy efficiency.
Energy saving activities carried out in 2017-2019 allowed to reduce
GHG emissions by 286 thousand tonnes of (2) -e in 2019. The Company
has the ISO 50001:2011 compliant energy management system in
place.
Another important area LUKOIL has been working on for more than
10 years is developing power generation from renewables. In 2019
the share of commercial electric power generation from renewables
amounted to 6%.
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END
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