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National Interests: Priorities and Security
 

Energy transition of the largest Russian oil and gas companies in the context of sustainable development of Russia

Vol. 20, Iss. 2, FEBRUARY 2024

Received: 9 October 2023

Received in revised form: 5 December 2023

Accepted: 26 December 2023

Available online: 15 February 2024

Subject Heading: GLOBALIZATION

JEL Classification: G38, L71, Q50, Q58

Pages: 368–389

https://doi.org/10.24891/ni.20.2.368

German V. PETROV-NERLING National Research University - Higher School of Economics (HSE), Moscow, Russian Federation
gpetrov-nerling@hse.ru

https://orcid.org/0000-0002-0913-5441

Egor V. ROZHNOV National Research University - Higher School of Economics (HSE), Moscow, Russian Federation
egorrozhnov2@mail.ru

https://orcid.org/0009-0003-3964-3820

Elizaveta S. KARPOVA National Research University - Higher School of Economics (HSE), Moscow, Russian Federation
elskarpova@gmail.com

https://orcid.org/0009-0006-3325-1510

Subject. The article addresses prospects for using the renewable energy sources, the impact of greenhouse gas emissions on the Earth's climate.
Objectives. The purpose is to determine relationship between environmental policy of the largest mineral companies in Russia and the principles of sustainable development, enshrined in international agreements.
Methods. The study employs methods of comparative analysis.
Results. We developed a rating methodology for companies, depending on the degree of their participation in the energy transition. In the process of energy transition, the largest Russian companies pay the most attention to technological improvement of oil and gas processing and production facilities.
Conclusions. When designing long-term development strategies, Russian energy companies are increasingly focusing on compliance with the principles of environmental responsibility.

Keywords: oil and gas, sustainable development, renewable energy sources, ecology, climate change

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