Novatek, officially known as Novatek OAO, is a leading Russian company specialising in natural gas production and related services, excluding surveying activities. Headquartered in Russia, the firm operates primarily within the Russian Federation, with a focus on developing and managing natural gas fields across the region. Founded in 1994, Novatek has established itself as a key player in the natural gas industry, recognised for its innovative approach to resource extraction and processing.
The company's core offerings include natural gas production, liquefied natural gas (LNG) development, and infrastructure services that support the energy sector. Novatek’s strategic investments and technological advancements have positioned it as one of Russia’s top natural gas producers, contributing significantly to the domestic and international energy markets. Its notable achievements include expanding LNG capacity and strengthening its market presence in Europe and Asia.
+4 vs industry average
Novatek’s score of 21 is lower than 48% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Natural Gas Extraction is among the most carbon-intensive industries
Industry performance
The Natural Gas Extraction industry has reduced its overall emissions by 99% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Novatek's reported carbon emissions
Novatek's total global greenhouse gas emissions, encompassing Scopes 1, 2, and 3, amounted to approximately 202.5 billion kg CO2e in 2024. This figure is an aggregation of Scope 1 emissions totalling about 9.6 billion kg CO2e, Scope 2 emissions of approximately 178.1 million kg CO2e, and substantial Scope 3 emissions reaching about 181.7 billion kg CO2e.
In 2023, Novatek reported total global emissions of approximately 185.9 billion kg CO2e. This breakdown included Scope 1 emissions of about 9.5 billion kg CO2e, Scope 2 emissions of roughly 173.5 million kg CO2e, and Scope 3 emissions of approximately 176.4 billion kg CO2e.
Looking at earlier years, total global emissions in 2022 were approximately 189.9 billion kg CO2e, comprising about 9.4 billion kg CO2e for Scope 1, 166.5 million kg CO2e for Scope 2, and 181.3 billion kg CO2e for Scope 3. In 2021, total emissions were around 177.9 billion kg CO2e, with Scope 1 at approximately 10 billion kg CO2e, Scope 2 at about 169 million kg CO2e, and Scope 3 at around 177.8 billion kg CO2e. Prior to this, in 2020, Novatek reported total emissions of approximately 172.4 billion kg CO2e, consisting of Scope 1 at about 9.1 billion kg CO2e, Scope 2 at around 157 million kg CO2e, and Scope 3 at approximately 173.3 billion kg CO2e.
For 2019, Novatek's Scope 1 emissions were approximately 11.1 billion kg CO2e and Scope 2 emissions were about 204.8 million kg CO2e. Data for Scope 3 emissions for this year is not available. In 2018, Scope 1 emissions were around 6.1 billion kg CO2e and Scope 2 emissions were approximately 187.8 million kg CO2e, with Scope 3 data also unavailable.
Novatek has set near-term climate commitments. The company aims to reduce its Scope 1 emissions to near zero by 2025, having set a baseline year of 2016 for production entities. Similarly, Novatek aims to reduce its Scope 2 emissions to near zero by 2025, also using 2016 as a baseline year for production entities. For other business lines, baseline years for specific GHG emissions were established as 2017 for hydrocarbon processing entities and 2018 for LNG entities.
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Novatek’s Climate Goals (2030 & 2050)
4 goals2030
The Company has set a baseline year in terms of specific GHG…
The Company has set a baseline year in terms of specific GHG emissions for each business line: 2016 for production entities, 2017 for hydroc…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Novatek
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