«Problems of economics and management of oil and gas complex»

Reduction of greenhouse gas emissions as an instrument of increasing the financial efficiency of oil producing companies

UDC: 338.1+338.4
DOI: -

Authors:

¹ National Research University "MPEI", Moscow, Russia

Keywords: associated petroleum gas (APG), oil, emissions, investments, energy, ecology

Annotation:

Achieving the goal of net-zero greenhouse gas emissions by 2050 requires addressing the problem of associated petroleum gas (APG) utilization during oil products production. The introduction of ecologically clean energy technologies will require careful planning to avoid a disorderly energy transition. The scale of this problem highlights the imbalance of oil companies' investments between maintaining oil and gas assets in working order and implementing zero-emissions technologies. Premature decommissioning of the existing fossil fuel infrastructure can lead to energy shortages, but prolonging its service life also undermines the achievement of climate goals. The authors of the article propose policy options that will help ensuring adequate financing of existing, new and decommissioned oil and gas assets to organize a gradual transition to ecologically clean energy based on the beneficial use of APG.

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