MOSCOW, October 24. /TASS/. The Board of Directors of Gazprom has approved the climate strategy by 2050, the gas holding said.

"The climate strategy was developed on the basis of scenarios of Gazprom’s sustainable development by 2050. The paper takes into account Russian goals of achieving the balance between man-caused emissions of greenhouse gases and their absorption by 2060 at the least," the company said.

The company is already making products with the lowest carbon intensity among global energy majors and is adapted to a significant degree to the low-carbon trend of global economic development owing to the high share of gas in the business structure, Gazprom added.