
NOVATEK is Russia’s largest independent natural gas producer. Founded in 1994, the Company is engaged in exploration, production, processing and marketing of natural gas and liquid hydrocarbons.
The company’s reserve to production ratio as of the end of 2024 is 26 years.
Developing competitive natural gas liquefaction facilities is the Company's main strategic focus.
Yamal LNG, the Company's largest LNG project, is located on the Yamal Peninsula. It is an integrated project for production, liquefaction and export of natural gas. NOVATEK has developed and patented its own medium-scale and large-scale natural gas liquefaction processes.
NOVATEK has developed and patented a unique innovative technology to build LNG plants consisting of large-sized modules on gravity-based structures (GBS). The Company has applied this proprietary GBS LNG train solution to implement its Arctic LNG 2 project and plans to use it for future LNG projects.