Moscow, 2 August 2018. NOVATEK (“NOVATEK” and/or the “Company”) announces that FTSE Russell reconfirms that NOVATEK remains a constituent of the FTSE4Good Index following their June 2018 index review.
The FTSE4Good Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
“Sustainable development is increasingly becoming a global benchmark for shareholders and stakeholder to assess a Company’s commitment to climate change and environmental, health and social initiatives” according to Mark Gyetvay, Deputy Chairman of the Management Board. “NOVATEK is at the forefront of these efforts by providing affordable, secure, clean-burning natural gas to commercial, industrial and residential consumers. We see our continuing inclusion into the FTSE4GoodIndex as a positive confirmation of the Company’s commitment to sustainable development practices consistent with industry best practices and evolving global initatives”.
PAO NOVATEK is one of the largest independent natural gas producers in Russia, and in 2017, entered the global LNG market by successfully launching the Yamal LNG project. Founded in 1994, the Company is engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons. Upstream activities of the Company’s subsidiaries and joint ventures are concentrated mainly in the prolific Yamal-Nenets Autonomous Area, which is the world’s largest natural gas producing area and accounts for approximately 80% of Russia’s natural gas production and approximately 15% of the world’s gas production. NOVATEK is a public joint stock company established under the laws of the Russian Federation.