Novatek

Novatek, a Russian natural gas and services company, reported total carbon emissions of approximately 191.4 billion kg CO2e in 2024. This figure comprises about 9.57 billion kg CO2e from Scope 1 emissions, 178.1 million kg CO2e from Scope 2 emissions, and approximately 181.66 billion kg CO2e from Scope 3 emissions. Notably, Novatek's Scope 3 emissions in 2024 include roughly 174.33 billion kg CO2e from the use of sold products and about 7.09 billion kg CO2e from downstream transportation and distribution, along with 237.63 million kg CO2e from upstream transportation and distribution.

In 2023, the company's total emissions were approximately 186.05 billion kg CO2e, with Scope 1 emissions at about 9.48 billion kg CO2e, Scope 2 emissions at roughly 173.46 million kg CO2e, and Scope 3 emissions at approximately 176.4 billion kg CO2e.

Novatek has set long-term net-zero targets for Scope 1 and Scope 2 emissions, establishing baseline years of 2016 for production entities, 2017 for hydrocarbon processing entities, and 2018 for LNG entities. The company also aims to reduce its Scope 1 and Scope 2 emissions to near zero by the middle of the current decade, based on a 2016 target year.