Press Releases and Events
NOVATEK’s Board of Director Approves 2025 Sustainability Report
Moscow, 27 April 2026. The Board of Directors of PAO NOVATEK (“NOVATEK” and/or the “Company”) approved the 2025 Sustainability Report (the “Report”).
The central idea of the Report is “In harmony with the North”. This philosophy defines the Company’s responsible approach towards the unique natural environment and climate of the Arctic, where the Company’s main production assets are located. In 2025, NOVATEK continued to demonstrate that industrial development can provide affordable and reliable energy to a growing global population while going hand in hand with preserving the Arctic’s unique ecosystems.
Today, NOVATEK ranks as one of the top oil and gas companies worldwide in terms of not only production, but also carbon efficiency, low employee turnover and low work-related injury rate. GHG emissions intensity in 2025 was 286 kg of CO₂ eq. / boe. The lost time injury frequency rate (LTIFR) was reduced by 27% year-on-year to a five-year minimum of 0.19. Employee turnover declined to 4% in the reporting year.
The Report was prepared in accordance with major international and Russian standards and recommendations. Fourteen of the Report’s material topics were identified based on double materiality principle. Traditionally, the Company published its reports among the first in the Russian oil and gas sector, ensuring broad coverage and highest data credibility – the independent external auditor provided limited assurance on 177 indicators, which is the maximum value among Russian oil and gas companies over the latest reporting period.
The Report is available on the NOVATEK website in the Sustainable Development section.
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.