2013 Annual Review
Creating Value Added
At NOVATEK, we maintain a strict and rigid adherence to the highest Health, Safety and Environmental standards as a primary goal in achieving our development strategy, and besides efficiently growing our reserve base and hydrocarbon production volumes, increasing the value added of our products is of equal importance for achieving our strategic goal.
2012 Annual Review
Growth. Efficiency. Innovation.
Our main competitive advantages are an extensive resource base, which guarantees a steady increase in hydrocarbon production at industry-leading low costs, and our integrated production chain, which helps to maximize risk-adjusted margins and improve the sustainability of our business operations.
2011 Annual Review
Download PDF Harnessing the Energy of the Far North!
In 2011, we began an aggressive expansion of exploration and developments activities in the resource-rich Yamal and Gydan peninsulas.
2010 Annual Review
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The time is right for natural gas!
As we enter a new decade, the capital investments we made this year will ensure our continued growth both domestically and internationally and have established NOVATEK as the global leader among independent gas producers.
2009 Annual Review
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Investing strategically, growing organically
Despite the difficult economic environment, we continued investing capital to grow our resource base and optimize our production capabilities to maximize our hydrocarbon revenue streams which, combined with our focus on cost control and the expansion of our commercial trading activities, allowed us to achieve yet another year of record financial and operational results.
2008 Annual Review
A decade of delivering clean energy
2008 proved to be a year of contrast for NOVATEK – one in which we celebrated our first decade of producing natural gas and the other being the beginning of a global economic recession, and the first signs of economic slowdown in Russia after nearly a decade of steady, robust growth.
2007 Annual Review
Strategy in motion
2007 was a difficult market environment for natural gas producers in Russia as we experienced an unseasonable warm winter this past year – the warmest in 126 years. Despite the weather, 2007 proved to be a very rewarding year for NOVATEK and our valued shareholders as we continued to achieve record financial and operational results.
2006 Annual Review
Capitalizing on growth
Solid production growth and strong liquid prices throughout most of the year combined for impressive financial and operational results for 2006. We continued to build on our platform of core assets while maintaining our primary focus on cost control.
2005 Annual Review
A year of transition
We are proud of our accomplishments in 2005. Our strategy of maximizing returns throughout the energy value chain combined with our success in meeting and exceeding every goal in our ambitious growth plan has created enormous shareholder value.
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