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December 2025 (published: 11.12.2025)
Number 4(63)
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Strategic Asset Management in Energy Companies within the Framework
of Decarbonization: A Comparative Analysis of Aramco and Gazprom
Ilyinsky A.A. , Khalil Alessar
Keywords: strategic asset management; energy companies; decarbonization; sustainable development.
References:
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License
UDC 658.5:665.6:504
DOI 10.17586/2310-1172-2025-18-4-57-67
Strategic Asset Management in Energy Companies within the Framework
of Decarbonization: A Comparative Analysis of Aramco and Gazprom
Article in
Russian
Reference for citation: Ilyinsky A.A., Khalil Alessar. Strategic Asset Management in Energy Companies within the Framework of Decarbonization: A Comparative Analysis of Aramco and Gazprom. Scientific journal NRU ITMO. Series «Economics and Environmental Management». 2025. № 4. Р. 57-67. DOI: 10.17586/2310-1172-2025-18-4-57-67.
Abstract. This article focuses on strategic asset management by energy companies in the context of decarbonization and provides a comparative analysis of the strategies pursued by Aramco and Gazprom. The subject of the study is corporate decarbonization strategies, climate risk management mechanisms, and institutional decisions aimed at combining economic viability and environmental responsibility. The goal is to identify differences and similarities in the approaches of the two companies and assess their effectiveness in ensuring a balance between profit and low-carbon transition. Methodologically, the work is based on a comparative analytical approach: a review and systematization of companies' public reports and regulatory documents, a thematic analysis of strategic roadmaps, and a comparison of quantitative indicators and management mechanisms presented in corporate sources and literature. The results show that Aramco is focusing on technological and infrastructure solutions (CCUS, hydrogen, large-scale investments), while Gazprom is primarily focused on operational improvements (reducing methane leaks, increasing energy efficiency) and relies on national assumptions and natural sinks. Based on the analysis, practical recommendations have been made: give priority to measurable and verifiable indicators; develop independent external verification; combine short-term operational measures with long-term investments in technological solutions; and take national economic constraints into account when developing corporate roadmaps to ensure a sustainable balance between economic efficiency and environmental responsibility.
Read the full article
Reference for citation: Ilyinsky A.A., Khalil Alessar. Strategic Asset Management in Energy Companies within the Framework of Decarbonization: A Comparative Analysis of Aramco and Gazprom. Scientific journal NRU ITMO. Series «Economics and Environmental Management». 2025. № 4. Р. 57-67. DOI: 10.17586/2310-1172-2025-18-4-57-67.
Abstract. This article focuses on strategic asset management by energy companies in the context of decarbonization and provides a comparative analysis of the strategies pursued by Aramco and Gazprom. The subject of the study is corporate decarbonization strategies, climate risk management mechanisms, and institutional decisions aimed at combining economic viability and environmental responsibility. The goal is to identify differences and similarities in the approaches of the two companies and assess their effectiveness in ensuring a balance between profit and low-carbon transition. Methodologically, the work is based on a comparative analytical approach: a review and systematization of companies' public reports and regulatory documents, a thematic analysis of strategic roadmaps, and a comparison of quantitative indicators and management mechanisms presented in corporate sources and literature. The results show that Aramco is focusing on technological and infrastructure solutions (CCUS, hydrogen, large-scale investments), while Gazprom is primarily focused on operational improvements (reducing methane leaks, increasing energy efficiency) and relies on national assumptions and natural sinks. Based on the analysis, practical recommendations have been made: give priority to measurable and verifiable indicators; develop independent external verification; combine short-term operational measures with long-term investments in technological solutions; and take national economic constraints into account when developing corporate roadmaps to ensure a sustainable balance between economic efficiency and environmental responsibility.
Read the full article
Keywords: strategic asset management; energy companies; decarbonization; sustainable development.
References:
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