Our core fields and license areas are located in the Yamal-Nenets Autonomous Region, the world’s largest natural gas producing region, which accounts for over 87% of Russia’s natural gas production and approximately 18% of the world’s. The geographical location of our fields in this gas-rich hydrocarbon basin offers vast opportunities for increasing shareholder value through low-risk, low-cost production and effective reserve replacement. With more than thirteen years of operational history in this region, we are in an optimal position to capitalize on these opportunities.
 

   

 

Based on our 2009 results, we have maintained our position as Russia’s second-largest gas producer. In 2009, we accounted for 6% of Russia’s total natural gas output and supplied approximately 10% of the nation’s domestic demand. Gross production 2009 for NOVATEK totaled 32.78 billion cubic meters of natural gas and 3,049 thousand tons of liquids. Natural gas production increased by 1.89 billion cubic meters, or by 6.2%, whereas gross liquids production increased by 463 thousand tons, or by 17.9%, as compared with the corresponding gross production in 2008.