In its recently published Environmental Report Russian gas holding Gazprom claimed that the amount of greenhouse gas emissions from the supplies of Russian gas via the Nord Stream and TurkStream pipelines is more than three times lower than that from LNG supplies from the United States to Europe.
The report highlights that pipeline natural gas supplies via new routes (Nord Stream, TurkStream) are characterised by lower emissions, as compared to existing natural gas supplies to Europe.
“Gas supplies via TurkStream instead of the Ukrainian corridor will result in greenhouse gas emissions reduction in the amount of 4 million tons of CO2 equivalent annually and 20 million tons of CO2 equivalent per year as compared to LNG deliveries from the US,” reads the report.
Russia’s state-owned energy giant revealed in the report that its greenhouse gas emissions fell by 3.52 million tons of СО2 equivalent, or 1.5 per cent, in 2019 compared to the previous year. Gazprom also calculated the actual carbon footprint of its production activities, which proved to be lower by another 25.2 million tons of СО2 equivalent.
Methane emissions across Gazprom’s entire production chain are close to zero, continues the report. In 2019, production-related methane emissions amounted to 0.02 per cent of the gas extracted, while transmission-related emissions totalled 0.29 per cent of the gas transmitted and underground storage-related emissions added up to 0.03 per cent of the gas stored.
Gazprom signed the Guiding Principles on Reducing Methane Emissions across the Natural Gas Value Chain international initiative in 2018, a document that was inked by such companies as BP, Eni, ExxonMobil, Repsol, Shell, Statoil, Total and Wintershall. In this framework, Gazprom made a commitment to further reduce methane emissions from the Company’s facilities and encourage other market participants across the natural gas value chain – from production to the final consumer – to do the same.
To promote further mitigation of environmental impact Gazprom approved the Group’s Comprehensive Environmental Program for 2020–2024 setting out that by 2024 the company wants to see the emissions of greenhouse gases during natural gas transmission down by 3.8 per cent.
According to the CDP Carbon Majors Report over half of the global industrial emissions since human-induced climate change was officially recognized can be traced to just 25 corporate and state producing entities. Gazprom is included in the highest emitting companies with its cumulative Scope 1 and 3 GHG emissions from 1988 to 2015 amounting to 3.9 per cent of the global industrial total.