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NOVATEK joins the methane guiding principles initiative

NOVATEK joins the methane guiding principles initiative

Moscow, October 7 - Neftegaz.RU. NOVATEK announced today that it became the signatory company to the Methane Guiding Principles initiative, a voluntary, international multi-stakeholder partnership between industry and non-industry organizations with a focus on priority areas for action along the natural gas value chain.

The company joined international oil and gas industry leaders and global supporting organizations to achieve a goal to continually reduce methane emissions within business activities, increase transparency and implementation of regulations on methane emissions.

“With a large share of natural gas in our energy production mix, NOVATEK already has one of the lowest greenhouse gas and methane emissions intensity across the global oil and gas sector. Recently we published our environmental and climate change targets, being the only Russian oil and gas company with methane emissions long-term goal to reduce specific methane emissions by 4% by 2030,” noted NOVATEK’s Deputy Chairman of the Management Board Mark Gyetvay.

“Natural gas will play a vital role towards an environmentally sustainable future and reducing methane leaks to the atmosphere is the single most important and cost-effective way for the industry to bring down greenhouse gas emissions”, Gyetvay noted.

To read the news in Russian.

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