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I. Graifer, Chairman of the Board of directors of LUKOILV. I. Graifer, Chairman of the Board of directors of LUKOILV. Alekperov, President of OAO LUKOIL V. Alekperov, President of OAO LUKOIL Oilmen of LUKOILOilmen of LUKOILProduction facilities of the Caspian Yuri Karchagin fieldProduction facilities of the Caspian Yuri Karchagin fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe fieldOffshore platforme D6 in the Baltic Sea. Kratsovskoe field Permnefteorgsintez Refinery Permnefteorgsintez RefineryVolgograd RefineryVolgograd Refinery Uhtaneftepererabotka Refinery Uhtaneftepererabotka Refinery Nijnegorodnefteorgsintez Refinery Nijnegorodnefteorgsintez RefineryMini refineries in KogalymMini refineries in KogalymPetrotel-LUKOIL (Romania)Petrotel-LUKOIL (Romania)LUKOIL Neftokhim Burgas (Bulgaria)LUKOIL Neftokhim Burgas (Bulgaria)Odessa Refinery (Ukraine)Odessa Refinery (Ukraine)Filling station commissioning in New-YorkFilling station commissioning in New-YorkChange of brand of a filling station in the USAChange of brand of a filling station in the USADmitry Medvedev, Prime Minister of the Russian Federation, visited the ice-rsistant platform at the Y.Korchagin field in the Caspian Sea. October 02, 2013Dmitry Medvedev, Prime Minister of the Russian Federation, visited the ice-rsistant platform at the Y.Korchagin field in the Caspian Sea. October 02, 2013President of Russia Dmitry Medvedev visited Krasnodarskaya Combined Heat and Power Plant (CHPP) of OOO LUKOIL-Kubanenergo and participated in the launch of a new 410 MW combined-cycle gas turbine (CCGT-410). October 8, 2011President of Russia Dmitry Medvedev visited Krasnodarskaya Combined Heat and Power Plant (CHPP) of OOO LUKOIL-Kubanenergo and participated in the launch of a new 410 MW combined-cycle gas turbine (CCGT-410). October 8, 2011The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). June 9, 2008The first large-tonnage oil shipment through the FOIROT (Varandey Oil Export Terminal). 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Power Generation


    


Power Generation in depth:

 
2012 Annual Report (p.44-47)

Adobe PDF version (463 Kb)



LUKOILs new business sector, Power Generation, was created in 2008 as part of the Groups Strategic Development Program.


The new business comprises all aspects of power generation, including delivery and marketing of electrical energy and of heat produced at power plants. The nucleus of the segment is the Russian power generating company, UGK TGK-8, which was acquired by LUKOIL in 2008, but it also includes companies producing electricity and heat in Bulgaria, Romania, and Ukraine.

The sector provides energy both for the Companys own needs (in the Exploration & Production and Refining & Marketing segments) and for external power and heat customers in the Southern Federal District of Russia.




Business restructuring


Reorganization of UGK-TGK-8 was completed in the reporting year. The company was renamed LUKOIL-Ecoenergo and was united with the Companys hydro-electric facilities. LUKOIL-Ecoenergo will now focus specifically on renewable energy projects (wind power, hydroelectric and solar power).


Electricity and heat generation


Total electricity output in 2012 by companies in LUKOILs electricity division was 15.4 billion kWh and heat output was 14.7 million Gcal, of which 13.4 million Gcal in Russia. Levels of electricity and heat production were dictated by conditions on the electricity market.


Small-scale generating


LUKOIL
is rapidly developing its own power generating facilities at oil & gas fields, enabling the Group to substantially reduce electricity purchases and increase the rate of associated gas use by turning it into electricity. Installed capacity of small-scale generating facilities is 0.7 GW. The Group generated 2,349 million kWh of electricity at its own facilities in 2012.


Energy-saving Technologies


The Companys energy management program represents a permanent mechanism, which helps LUKOIL enterprises to improve their energy efficiency. The system should be extended to all LUKOIL Group organizations by the end of 2015, by which time it will also be ISO 50001 certified.


Renewable energy


During 2012 LUKOIL continued to develop its partnership in the field of renewable energy with the Italian company ERG, which has long experience in the construction and operation of renewable energy facilities. The joint venture, LUKERG Renew GmbH, acquired 100% of the Romanian company Land Power SRL, which has rights to build a wind generating plant in Romania. Construction of the plant, consisting of 42 wind generators with total capacity of 84 megawatts, is due to begin in 2013, and annual output from the plant will be in excess of 200 thousand mWh.


Also in the reporting year LUKOIL completed the acquisition of two wind plants in Bulgaria Kavarna (32 megawatts) and Long Man (8 megawatts) from Raiffeisen Energy Environment. The plants operate 20 wind turbines (each 2 megawatts) built by the company Vestas. Total output in 2012 was 101,882 kWh (121% of the annual target).


LUKOIL-Kubanenergo

LUKOIL-Rostovenergo

LUKOIL-Volgogradenergo

LUKOIL-Ecoenergo



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