2 Dec 2020 17:17

Gazprom Neft, Shell to cooperate on reducing greenhouse gas emissions, improving air transport safety

MOSCOW. Dec 2 (Interfax) - Gazprom Neft and Shell have agreed to expand cooperation in the areas of reducing greenhouse gas emissions and interacting in ensuring the safety of air transport, the Russian oil company said in a statement.

Gazprom Neft Deputy CEO for Exploration and Production Vadim Yakovlev and Shell Country Chair Russia Cederic Cremers have signed two respective memorandums of intent.

"The partners plan to explore opportunities to cooperate in developing climate projects as part of the memorandum of intent on projects to reduce greenhouse gas emissions. The document establishes a base for interaction in projects for reforestation and forest conservation, improving energy efficiency, introducing renewable energy sources, and others. The second signed memorandum of intent is aimed at exchanging partners with best practices, as well as improving standards and mechanisms for the oversight of air transport safety," the press release clarified.