NOVATEK and Gazprom Sign Agreement on Cooperation in Sustainable Development
Saint Petersburg, 17 June 2022. As part of today’s St. Petersburg International Economic Forum, Leonid Mikhelson, Chairman of the Management Board of NOVATEK, and Alexey Miller, Chairman of the Management Committee of Gazprom, signed an Agreement on Cooperation in Sustainable Development of the Russian Federation Arctic Zone.
The parties intend to cooperate in environment protection, biodiversity preservation, environmental monitoring, standardization in the area of environmental safety, hydrogen energy and support of the indigenous peoples of the North.
“Our companies join their efforts to maintain biodiversity and minimize negative impact on the Arctic ecosystem,” noted Leonid Mikhelson, NOVATEK’s Chairman of the Management Board. “Joint activities with Gazprom under this agreement will focus on arranging continuous monitoring of pinniped habitats in the Ob Bay and the Northern Sea Route water area. Cooperation of major subsoil users in the Russian Arctic will foster preservation of the region’s ecosystem, its social and economic development.”
PAO NOVATEK is the largest independent natural gas producer 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 Region, 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.