Equinor, Rosneft Sign Carbon Management Agreement

Equinor, Rosneft Sign Carbon Management Agreement

Aiming to help achieve the goals of the Paris Agreement, Equinor announced that it has signed a strategic partnership agreement with Rosneft to develop low carbon solutions and reduce the carbon footprint through joint projects in Russia.

According to the agreement, the two companies will combine their experience in the industry to contribute in areas, such as energy efficiency, monitoring of greenhouse gas emissions, and reducing flaring and methane emissions. The scope of this cooperation will also involve carbon capture, utilization and storage (CCUS), using renewables, and low- carbon hydrogen solutions.

In this regard, Equinor’s Executive Vice President for Exploration and Production International Al Cook stated, “Equinor aims to proactively support emissions reductions wherever we invest based on our decades of experience from Norway. We are happy to work together with Rosneft and share best practice to address climate change.”


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