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About company
PAO NOVATEK is principally engaged in the exploration, production, processing and marketing of natural gas and liquid hydrocarbons and have more than 25 years of operational experience in the Russian oil and natural gas sector.
Our Assets
Our principal operating areas are concentrated in the Yamal-Nenets Autonomous Region (YNAO) in Western Siberia. The YNAO is the most significant gas producing region in Russia, accounting for approximately 80% of Russia’s natural gas production and approximately 15% of global gas production.
As of 31 December 2022, we had 17.6 billion barrels of oil equivalent (boe) of SEC proved reserves. Most of our reserves are located onshore or can be developed from onshore locations and are attributed to the conventional categories.
Geological Exploration
We aim to expand our resource base through geological exploration at fields and license areas not only in close proximity to existing transportation and production infrastructure, but also in new potentially prospective hydrocarbon areas. In 2022 the replacement rate of our proved reserves amounted to 282%.
Hydrocarbon production increased by 0.9% in 2023.
Gas Condensate Processing
We process our unstable gas condensate at our Purovsky Plant, which produces stable gas condensate and liquefied petroleum gas (LPG). We process our stable gas condensate at the Ust-Luga Complex on the Baltic Sea. The Complex produces light and heavy naphtha, jet fuel, heating oil and gasoil.
NOVATEK sells natural gas within the Russian Federation as well as exports natural gas in the form of LNG. NOVATEK sells liquid hydrocarbons (stable gas condensate, petroleum products, light hydrocarbons, LPG and crude oil) domestically and internationally.
Information for investors
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Ordinary share (NVTK) price on MOEX
Financical Results
Shareholder Meetings
Main projects
Yamal LNG
Unique integrated project for natural gas production, liquefaction and LNG sales. In 2018, three LNG trains reached full capacity
Arctic LNG 2
Arctic LNG 2 is the second large-scale LNG project of NOVATEK which includes the construction of three LNG trains, with a total design capacity of 19.8 mmtpa
LNG Construction
Facility for fabrication of LNG trains on gravity-based structures
Sustainable development
The main production assets of NOVATEK are located in the Far North, a harsh Arctic region with rich mineral deposits and fragile, easily vulnerable nature. In its activities, the Company pays significant attention to environmental issues.
NOVATEK has been taking care to reduce air pollutant and greenhouse emissions as well as doing everything possible for climate conservation. We are committed to sustainable water use and efficient wastewater treatment. We do not operate in water-short regions while our environmental policy promotes prudent water consumption. We are engaged in land protection and reclamation, as well as waste management by separating and treating recyclable waste.
Social Policy and Charity make up an important part of NOVATEK's activities. In 2019, the Company continued to pay close attention to projects aimed at supporting the culture, preserving and revitalizing national values and spiritual legacy of Russia, promoting and integrating the Russian art into the international cultural space, and developing mass and high-performance sports. NOVATEK enters into agreements with regional governments across the Company's geographical footprint and implements programs to improve living standards and preserve the distinctive cultural identity of the indigenous peoples of the Far North.
NOVATEK strives to commit to the highest standards of corporate governance. We believe that such standards are an essential prerequisite to business integrity and performance and provide a framework for socially responsible management of the Company’s operations. The Company has established an effective and transparent system of corporate governance complying with both Russian and international standards. NOVATEK’s supreme governing body is the General Meeting of Shareholders. The corporate governance system also includes the Board of Directors, the Board Committees, and the Management Board, as well as the system of internal control and audit bodies.

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Press center
31 May 2024
NOVATEK’s Board of Directors Approves 2023 Sustainability Report
24 April 2024
NOVATEK Starts Production at North-Chaselskoye Field
11 April 2024
NOVATEK Reports Preliminary Operating Data for the First Quarter 2024
19 March 2024
Results of NOVATEK’s Annual General Meeting of Shareholders
19 March 2024
NOVATEK’s AGM Approves 2023 Dividends
09 February 2024
NOVATEK’s Board of Directors Approves Agenda for Annual General Meeting of Shareholders
09 February 2024
NOVATEK's Board of Directors Recommends 2023 Dividend
Official site of PAO NOVATEK