Press Releases and Events
NOVATEK sells 32,000 carbon units for the benefit of a Sakhalin Experiment participant
Moscow, 17 June 2025. NOVATEK-YURKHAROVNEFTEGAS, a wholly-owned subsidiary of PAO NOVATEK, concluded one of the largest deals in the history of the Russian carbon units market to sell carbon units for the benefit of a participant in the Sakhalin Experiment on greenhouse gas emissions reduction.
The deal concerns the sale of 32,000 carbon units issued in the Russian Carbon Units Registry as a result of NOVATEK-YURKHAROVNEFTEGAS executing a climate project to optimize the natural gas volumes used when disposing of waste water at the Yurkharovskoye field in Yamal-Nenets Autonomous Area.
With the carbon units purchased, the Sakhalin Experiment participant will be able to fulfill its obligations under the region’s greenhouse gas emissions quotas.
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.