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NOVATEK Wins the National Environmental Award

Moscow, 21 December 2017. PAO NOVATEK (“NOVATEK” and/or the “Company”) announces that its project "Corporate Greenhouse Gas Emissions Control System” was recognized as the winner of the 2017 National Environmental Award named after Vladimir Vernadskiy in the nomination "Science for Ecology". The Award is held annually in order to identify and promote the projects implemented in the field of environmental protection and environmental safety.

The Corporate Greenhouse Gas Emissions Control System developed by the Company's experts ensures effective emissions management and timely use of emission reduction mechanisms.

According to the First Deputy Chairman of the Management Board Alexander Fridman, “The Company pays great attention to environmental issues and environmental protection. NOVATEK became a winner of the National Environmental Award several times already. The new award received this year confirms that we are moving in the right direction. NOVATEK ends the Russian “Year of the Ecology” as a winner of this prestigious award”.

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.