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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.
21
DitchCarbon score
+2 vs industry average
Novatek’s score of 21 is lower than 46% 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
Very High
Natural Gas Extraction is among the most carbon-intensive industries
Industry performance
0.868
20182025
The Natural Gas Extraction industry has reduced its overall emissions by 16% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Novatek's reported carbon emissions
Novatek, headquartered in RU, is a natural gas and related services company. In 2024, Novatek reported total Scope 1 emissions of approximately 9.57 billion kg CO2e, Scope 2 emissions of about 178.1 million kg CO2e, and Scope 3 emissions of approximately 181.66 billion kg CO2e. Key categories within Scope 3 emissions included 'use of sold products' at around 174.33 billion kg CO2e and 'downstream transportation and distribution' at roughly 7.09 billion kg CO2e.
The company has set various climate commitments, including an aim to reduce Scope 1 and Scope 2 emissions to near zero by the middle of the decade (by 2025). Novatek also established baseline years for specific GHG emissions across its business lines: 2016 for production entities, 2017 for hydrocarbon processing entities, and 2018 for LNG entities. These baselines are part of their long-term net-zero initiatives.
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Novatek’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Novatek1 month ago
21
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