Novatek
Novatek, officially known as Novatek PAO, is a leading independent natural gas producer headquartered in Russia. Established in 1994, the company has grown significantly, becoming a key player in the global energy sector, particularly in the exploration, production, and processing of natural gas and liquid hydrocarbons. With major operations in the Yamal-Nenets Autonomous Okrug and the Gydan Peninsula, Novatek is renowned for its innovative approaches to liquefied natural gas (LNG) production, notably through its flagship Yamal LNG project. The company’s commitment to sustainable practices and advanced technologies has positioned it as a market leader, contributing to Russia's status as a top natural gas exporter. Novatek's unique offerings, including its focus on environmentally friendly production methods, have garnered international recognition, solidifying its reputation as a forward-thinking entity in the energy industry.
DitchCarbon Score
How does Novatek's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Natural Gas Extraction industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Novatek's score of 24 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Novatek's reported carbon emissions
In 2023, Novatek reported total carbon emissions of approximately 184,000,000,000 kg CO2e, with significant contributions from Scope 1, Scope 2, and Scope 3 emissions. Specifically, Scope 1 emissions were about 9,482,000,000 kg CO2e, while Scope 2 emissions totalled approximately 173,000,000 kg CO2e. The majority of emissions stemmed from Scope 3, amounting to around 176,397,000,000 kg CO2e, primarily from the use of sold products (approximately 170,031,000,000 kg CO2e). Novatek has set ambitious climate commitments, aiming for a 20% reduction in air pollutant emissions intensity by 2030, based on a 2019 baseline. This target applies to both Scope 1 and Scope 2 emissions, with a goal to reach 0.102 tonnes per million barrels of oil equivalent (mboe). Additionally, the company aims to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. The company has established specific baseline years for its emissions across different business lines: 2016 for production entities, 2017 for hydrocarbon processing, and 2018 for LNG entities. These commitments reflect Novatek's proactive approach to addressing climate change and reducing its carbon footprint in the energy sector.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 6,600,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 00,000,000,000 | 0,000,000,000 | 0,000,000,000 |
| Scope 2 | 181,940 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | - | - | - | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 | 000,000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Novatek is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
