Novatek (Novatek) is an natural gas producer in Russia. The company undertakes the exploration, production, processing, and marketing of liquid hydrocarbons and natural gas. Its core operations are located in the Yamal-Nenets Autonomous Region. Novatek sells its products in domestic and international markets. The company operates in Russia, Europe, North America, Middle East and the Asia-Pacific regions. The company operates through one reportable segment, exploration, production and marketing. As of December 31, 2024, Novatek had 83 fields and license areas, out of which 29 are producing fields and remaining are prospective fields. As of December 31, 2024, the company’s proved reserves for hydrocarbons, including its share in joint ventures stood at 17,506 million barrels of oil equivalent (MMboe), including 190.5 million metric tons (mmt) of liquid hydrocarbons and 2,425 billion cubic meters (bcm) of natural gas reserves.

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