Potential offtaker

Tatneft PJSC

www.tatneft.ru

Estimated electricity consumption

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Countries of production presence

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Tatneft PJSC is a Russian integrated oil company that operates in the upstream and downstream segments of the oil and gas industry. The company is headquartered in the city of Almetyevsk, in the Republic of Tatarstan, and operates in various regions of Russia, including the Volga-Ural region, Western Siberia, and the Timan-Pechora region. Tatneft is one of the largest oil companies in Russia, with a production capacity of over 30 million tons of oil per year.

Decarbonisation is a key focus area for Tatneft, as the company recognizes the importance of reducing its carbon footprint and contributing to the global efforts to combat climate change. Tatneft has set a target to reduce its greenhouse gas emissions by 30% by 2030, compared to the 2015 levels. The company is investing in various decarbonisation initiatives, including the development of renewable energy sources, carbon capture and storage, and energy efficiency improvements.

Corporate energy is another important area of focus for Tatneft, as the company seeks to optimize its energy consumption and reduce its energy costs. Tatneft has implemented various energy management systems and technologies to improve its energy efficiency, including the use of advanced metering systems, energy audits, and the deployment of renewable energy sources. The company has also established a corporate energy management team to oversee its energy-related activities and ensure compliance with the relevant regulations and standards.

Corporate power purchase agreements (PPAs) are an important tool for Tatneft to support its renewable energy initiatives and reduce its carbon footprint. The company has signed several corporate PPAs with renewable energy developers, under which it purchases electricity generated from renewable sources at a fixed price over a long-term period. These PPAs provide Tatneft with a stable and predictable source of renewable energy, while also supporting the development of the renewable energy sector in Russia.

Renewable energy is a key area of focus for Tatneft, as the company recognizes the importance of diversifying its energy portfolio and reducing its dependence on fossil fuels. Tatneft has invested in various renewable energy projects, including wind, solar, and biomass, and is exploring opportunities to expand its renewable energy portfolio. The company has set a target to increase its renewable energy capacity to 1 GW by 2025, which would represent a significant contribution to the development of the renewable energy sector in Russia.

In conclusion, Tatneft PJSC is a leading Russian integrated oil company that is committed to decarbonisation, corporate energy, corporate PPAs, and renewable energy. The company recognizes the importance of reducing its carbon footprint and contributing to the global efforts to combat climate change, and is investing in various decarbonisation initiatives, including the development of renewable energy sources, carbon capture and storage, and energy efficiency improvements. Tatneft is also focused on optimizing its energy consumption and reducing its energy costs through the implementation of energy management systems and technologies. Finally, the company is actively investing in renewable energy projects and has set a target to increase its renewable energy capacity to 1 GW by 2025.

✓ Declared Net Zero commitment