Management Approach

NOVATEK and its subsidiaries and joint ventures in procurement process follow a single set of principles in procuring inventories, works, and services, in line with PAO NOVATEK’s Purchasing Policy, the Regulations on Procurement of Materials, Equipment, Works, and Services for NOVATEK, Supplier Code of Conduct, Anti-Corruption Policy, Code of Business Conduct and Ethics, and Human Rights Policy.

These issues are monitored both at the Company’s highest governance level and at the executive level.

NOVATEK pays special attention to cooperating with local suppliers and localizing production to reduce reliance on technology imports and the development of Asia-Pacific countries.

In the context of national and corporate strategic goals, by transforming its supply chain into a sustainable one, NOVATEK is making a significant contribution to technological sovereignty and structural adaptation of the Russian economy.