Press Releases and Events
Results of NOVATEK’s Corporate Strategy Day Presentation
- A twofold increase in natural gas production and a threefold increase in liquids production to 112.5 billion cubic meters and 13.3 million tons, respectively, by 2020;
- A six million ton increase in processing capacity at the Purovsky Gas Condensate Stabilization Plant to 11 million tons per annum by 2014;
- Launch of the first three million ton per annum train of the Ust-Luga Transshipment and Fractionation Unit in the fourth quarter of 2012 and the second three million ton per annum train in 2013; and
- An increase of approximately 70% in domestic deliveries of natural gas, a threefold increase in liquid hydrocarbon sales volumes as well as details on possible marketing scenarios for future LNG production.
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.