Gazprom Neft and Japan’s Mitsui Agreed to Develop Low-Carbon Projects

Gazprom Neft and the Japanese trading and investment company Mitsui signed an agreement of intent to implement decarbonization projects in Russia and the regions where the companies operate.

The partners plan to develop innovative solutions for the implementation of CCS (carbon capture and storage) projects. In addition, Gazprom Neft and Mitsui plan to develop comprehensive projects for the production of blue hydrogen, as well as the use of alternative fuels in sea and river transport.

Gazprom Neft is developing partnerships with Russian and international companies in the field of CO2 emissions reduction, hydrogen energy and fuel environmental friendliness. In 2021, Gazprom Neft entered into a number of agreements in these areas with major steel companies, and also announced the creation of a technology alliance in partnership with leaders in the aviation industry to develop jet fuel with a low carbon footprint.