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Economy

Uzbekneftgaz Joins Global Oil and Gas Decarbonisation Charter

Uzbekneftgaz Joins Global Oil and Gas Decarbonisation Charter
Uzbekneftgaz Joins Global Oil and Gas Decarbonisation Charter / Photo: UzDaily..

Tashkent, Uzbekistan (UzDaily.uz) — Uzbekneftgaz JSC is among 56 companies that have signed the Oil and Gas Decarbonisation Charter (OGDC), the company's information service said.

The OGDC 2026 Status Report: Strengthening Delivery was published on 10 November 2026 during the COP31 climate conference.

According to the report, companies participating in the charter operate in more than 100 countries and account for around one-third of global oil and gas production.

The charter was launched during COP28 in 2023. Its participants support measures to reduce greenhouse gas emissions, improve environmental responsibility and limit the oil and gas industry's impact on the climate.

The initiative's main objectives include achieving net-zero greenhouse gas emissions from operations by 2050 or earlier. It also aims to reduce methane emissions from oil and gas production to near-zero levels by 2030 and end routine gas flaring by the same year.

The charter also calls on participants to set and publicly disclose interim targets for reducing Scope 1 and Scope 2 emissions through 2030.

The 2026 report highlights an expansion of practical measures by participating companies. More companies are disclosing greenhouse gas emissions data, setting interim targets and implementing plans to reduce methane emissions and end routine gas flaring.

For Uzbekneftgaz, key environmental priorities include detecting and repairing methane leaks through leak detection and repair programmes (LDAR), improving energy efficiency, accounting for greenhouse gas emissions and ensuring transparent reporting.

The company said participation in the initiative would allow it to expand the exchange of international experience, study advanced technologies and approaches, and develop cooperation in greenhouse gas emissions management.

Anvar Umarov
Anvar Umarov

Anvar Umarov is the founder and editor-in-chief of UzDaily, a leading business and news publication covering Uzbekistan and Central Asia. With over 20 years of experience in journalism, he has also worked as a PR manager for both state and private organizations, bringing a broad perspective on media, communications, and public affairs to his editorial leadership.