Naftogaz develops long-term decarbonisation strategy through 2050 with EIB support

With support from the European Investment Bank (EIB), Naftogaz has developed a decarbonisation strategy that has already been approved by the company’s Supervisory Board.

Key plans include gradually reducing operational gas losses, cutting methane emissions, developing the Group’s own power generation capacity, and introducing new low-carbon solutions. These measures are expected to be implemented across the gas production and distribution sectors. Our long-term goal is to achieve net-zero emissions from our in-house operations and purchased energy by 2050, which is synchronised with the climate neutrality target set out in the Law of Ukraine “On the Basic Principles of State Climate Policy”, and aligned with the approaches set out in European climate laws.

“The steps set out in the strategy will help establish an effective framework for the responsible management of state-owned assets. New energy solutions should enhance the Group’s efficiency and create value for the state,” said Duncan Nightingale, Chairman of Naftogaz Supervisory Board.

The adoption of a decarbonisation strategy is part of the company’s development in line with Ukraine’s European integration path.

“Our long-term strategy takes into account European Union principles regarding the introduction of low-carbon solutions and modern production technologies. Taking into account the security situation and current needs, we will move step by step to upgrade equipment across the Group’s companies. We thank the EIB for its support and expertise,” said Sergii Fedorenko, Acting Chief Executive Officer of Naftogaz.

International experts were involved in developing the document. This was made possible through grant support from the EIB.

“Naftogaz’s new strategy is an important step towards its ambitious climate objectives,” said EIB Vice-President Karl Nehammer. “Ukraine needs a strong and secure energy system today, but it also needs to prepare for a cleaner and more sustainable future. At the EIB, we are proud to support these green ambitions.”

The scope and timeline to implement the strategy will depend on security and economic factors.