LUKOIL views energy efficiency enhancement as one of its main tools of adapting to global energy transformation. The Company's policy is geared toward sustainable use of energy resources, which is instrumental in reducing greenhouse gas emissions and improving the overall production efficiency.
The energy efficiency goals of the Company include:
maintain efficiency of the process procedures and process equipment operation;
secure the effective use of fuel and energy resources;
effectively develop and upgrade energy assets;
minimize indirect greenhouse gas emissions.
Based on the requirements of ISO 50001:2018, LUKOIL's energy management system allows for quality assessment and continuous improvement. Energy saving and energy efficiency is regulated by a statutory framework, which includes the Company's Technical Policy and seven fundamental corporate standards. The main tools of the energy management system are energy audits of Group entities, Energy Saving Programs, internal audits and energy efficiency improvement measures. The energy management system is assessed as part of external recertification and supervisory audits conducted by certification bodies.
Energy audits are carried out at intervals of at least once every five years and enable to assess all aspects of a company's activities that are related to the costs of fuel, energy of various types, water and some energy resources.
Since 1997, LUKOIL has been developing and implementing targeted energy saving programs to improve energy and fuel efficiency through the reduction of losses and irrational consumption, as well as the use of energy-saving equipment. Since 2020, its KPI set includes the indicator "Implementation of the Energy Saving Program", which aims to encourage energy efficiency activities among consumers of energy resources.