Q&A

Denis Dolgov
Denis Dolgov
  • Vice President for Power Generation PJSC LUKOIL

A.

Measures aimed at boosting overall energy efficiency can make a significant contribution to reducing greenhouse gas emissions. An energy management system has been implemented at LUKOIL Group entities in Russia that complies with the international standard ISO 50001:2012В. An Energy Conservation Program of LUKOIL Group Entities in Russia for 2018 and for 2019 - 2020 is in place, together with “Road Maps” to increase operating efficiency by 2020. A New Business Development Center has been created, to coordinate innovative technology and electrical power projects and to develop new energy infrastructure. The targets of the Energy Conservation Program of LUKOIL Group Entities in Russia up to 2020 include savings on energy resources of around 280 million kWh 330,000 Gcal of thermal energy and 360,000 TOE of boiler and furnace fuels as a cumulative total over three years (2018 - 2020). LUKOIL has also joined the Greenpeace project Green Office. Thanks to the implementation of voluntary obligations aimed at improving the environments of office premises, we have reduced expenses related to maintaining the Company’s offices and contributed to a decrease in energy consumption. Developing in accordance with modern trends and looking ahead to the wider use of electric cars, we are installing charging points at filling stations.

A.

We strategically approach the resolution of issues related to renewable energy sources – the LUKOIL Board of Directors has set us the objective of developing a corresponding program. At present, the Company manages a fleet of four hydroelectric plants in the South of Russia, with a total capacity of around 300 MW, as well as solar parks and wind farms in Russia, Romania, and Bulgaria, with an aggregate capacity of approximately 100 MW. In addition, LUKOIL has a portfolio of promising projects, which can be implemented if the circumstances are favorable, in various regions where the Company operates.

Globally, increasing attention is being paid to the issue of climate change, and the collective actions of investors in this area are intensifying. How do these trends affect the Company?

A.

Measures aimed at boosting overall energy efficiency can make a significant contribution to reducing greenhouse gas emissions. An energy management system has been implemented at LUKOIL Group entities in Russia that complies with the international standard ISO 50001:2012В. An Energy Conservation Program of LUKOIL Group Entities in Russia for 2018 and for 2019 - 2020 is in place, together with “Road Maps” to increase operating efficiency by 2020. A New Business Development Center has been created, to coordinate innovative technology and electrical power projects and to develop new energy infrastructure. The targets of the Energy Conservation Program of LUKOIL Group Entities in Russia up to 2020 include savings on energy resources of around 280 million kWh 330,000 Gcal of thermal energy and 360,000 TOE of boiler and furnace fuels as a cumulative total over three years (2018 - 2020). LUKOIL has also joined the Greenpeace project Green Office. Thanks to the implementation of voluntary obligations aimed at improving the environments of office premises, we have reduced expenses related to maintaining the Company’s offices and contributed to a decrease in energy consumption. Developing in accordance with modern trends and looking ahead to the wider use of electric cars, we are installing charging points at filling stations.

LUKOIL has experience in developing and managing projects in the area of renewable energy sources. Does the Company have any plans to develop such projects in Russia?

A.

We strategically approach the resolution of issues related to renewable energy sources – the LUKOIL Board of Directors has set us the objective of developing a corresponding program. At present, the Company manages a fleet of four hydroelectric plants in the South of Russia, with a total capacity of around 300 MW, as well as solar parks and wind farms in Russia, Romania, and Bulgaria, with an aggregate capacity of approximately 100 MW. In addition, LUKOIL has a portfolio of promising projects, which can be implemented if the circumstances are favorable, in various regions where the Company operates.