IHS Chemical Week

People & Business :: Energy and Feedstocks

Gazprom Signs China Carbon Offset Pact

1:08 PM MDT | October 23, 2009 | Vincent Valk

Gazprom Marketing & Trading, a subsidiary of Russian energy giant Gazprom, has signed a carbon offset development agreement with ecolutions (Frankfurt), a clean project development firm focused on the developing world. Under the agreement, ecolutions will develop and invest in Kyoto Protocol-certified clean development programs in China, while Gazprom will market the emissions offsets developed by the programs. “The trading and optimization capabilities we can offer combined with the local and project financing expertise of ecolutions creates a good...

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