The current stage of the energy transition is notable for increased use of renewable energy sources and negative effects felt by both energy consumers and producers. For consumers, the main negative effect is a less predictable and less sustainable energy system as the share of renewables rises. Generating electricity from renewable sources depends on weather conditions and is therefore unstable. And, Gazprom says, this factor had a considerable effect in 2021 on energy markets in Europe.
Against this background, gas is the most promising of the traditional types of energy thanks to its environmental advantages, its advanced development and the availability of technologies associated with it. By all forecasts, gas will make a significant contribution in satisfying growing demand for energy In the context of the energy transition, including as a reliable and efficient fuel for reserving the capacities of renewable sources.
Gazprom is moving ahead with the development of the gas business and provides stable supplies under long-term contracts to its key markets. The company actively works for the diversification of the pool of its gas customers and implements gas processing projects to broaden its portfolio of products.
At the same time, Gazprom is carrying out a series of measures for the further reduction of the carbon intensity of its production, including in the gas transport sector. Its pipelines – Nord Stream, TurkStream, Nord Stream 2 — have among their aims the significant reduction of greenhouse gas emissions compared to alternative, less advanced pipeline systems on one hand and imports of liquefied natural gas into the region on the other hand.
Together with other Russian industries, the company is carrying out work on introducing contemporary modern wide-diameter pipes and gas turbine transport systems and gas turbine drives for gas compressor units with enhanced environmental safety characteristics. To achieve comprehensive adaptation to energy transition processes, the Company is preparing sustainable development scenarios up to 2050.
For further improvement of its environmental indicators Gazprom is also carrying out measures to reduce emissions in the production sector and the development of hydrogen technologies on the basis of natural gas. To achieve comprehensive adaptation to energy transition processes, the Company is preparing sustainable development scenarios up to 2050.
The Company works jointly with Russian enterprises to adopt the use of modern large-diameter pipes and gas turbine drives for gas compressor units with enhanced environmental safety characteristics.